Deutsche Bank's Controversial Auditor Reappointment

On May 28, 2026, Deutsche Bank AG will propose the reappointment of Ernst & Young (EY) as its auditor during the Annual General Meeting. Despite this, shareholders have expressed opposition due to EY’s implicated role in the Wirecard scandal. They argue that EY has failed to clarify its involvement or seek compensation for affected investors, as per court requests.

Shareholders also highlight EY’s recent restructuring in Germany, which could hinder creditor claims. Concerns are further amplified by Deutsche Bank's ongoing legal challenges, including allegations of money laundering and ties to controversial transactions.

Attorney Dr. Schirp criticizes Deutsche Bank's unwavering trust in EY, referencing prior assurances that EY wouldn't be retained amid unresolved scandal issues. A counter-motion against EY’s reappointment aims to gain widespread shareholder support at the meeting.