Deutsche Bank

Senior private bankers will play a large role in Deutsche Bank's bid to become one of Wall Street's main European rivals for ultrawealthy customers.

Paul Morris, a managing director in Merrill Private Wealth Management, was deposed about his relationship with Jeffrey Epstein at two other banks now facing suits alleging they knowingly benefited from sex-trafficking.

The return will take place over the next six months.

At least 10 senior bankers and numerous junior employees across the world’s largest wealth management market have left.

The unit was awarded a bonus pool that’s 5%-10% larger than last year, reflecting increased profits and assets, people familiar with the matter say.

The flood of new money has made the area one of the world’s hottest — and most competitive — wealth markets.

The strategies will invest in corporate bonds and large companies that issue high dividends, or have a growth or value tilt, documents show.

BlackRock will appoint an “independent fiduciary to vote” on proxies, according to a spokesman.

The allegation was laid out in an SEC order, which hit a U.S. unit of the firm with a $500,000 penalty.

Analysts have speculated that the firm may sell DWS as one way to cover the costs of a potential takeover of Commerzbank.