Deutsche Bank Risk Chief Says Breuer Didn’t Ask About Kirch Loan
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Deutsche Bank AG Chief Risk Officer Hugo Banziger told a German court he doesn’t remember discussing the financial situation at Leo Kirch’s media group before February 2002 with the bank’s then-chief executive Rolf Breuer.
Banziger, who testified today at Breuer’s trial in Munich, said Breuer never asked further questions about Kirch’s situation mentioned in bank memos. While Breuer attended a 2001 meeting where Banziger, chief credit officer at the time, talked about a loan to Kirch, Banziger said the briefing was mainly for the supervisory board rather than executives.