BofA Executive’s Job Said Held Up by Deutsche Bank Probe

Deutsche Bank AG’s examination of how employees handled deals with the world’s oldest lender is preventing Michele Foresti from starting his new job at Bank of America Corp., according to three people briefed on the matter.

Foresti, who worked at Deutsche Bank for 18 years before leaving in March, is among people the firm is scrutinizing over a 2008 deal that Banca Monte dei Paschi di Siena SpA used to hide losses, said the people, who requested anonymity because the review is confidential. Deutsche Bank is examining whether managers failed to supervise bankers arranging the transaction.