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Deutsche Bank suspends five wealth management executives - source

Reuters

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) has suspended five wealth management executives, a source familiar with the matter said.

As part of an internal investigation, Deutsche Bank found that three Geneva-based and two Frankfurt-based staff in its wealth management business serving the Middle East and Africa may have violated rules, the source said, echoing a report by online publication Inside Paradeplatz.

No clients suffered damage due to their actions, the source said.

Deutsche Bank declined to comment.

(Reporting by Andreas Kröner; Writing by Arno Schuetze; Editing by Alexander Ratz and Mark Potter)