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German bourse to pay US$12.5m fines in bid to end insider-trading case

The insider trading investigation has drawn criticism from shareholders and made the board reluctant to extend CEO Carsten Kengeter's contract.


DEUTSCHE Boerse has agreed to pay fines totalling US$12.5 million in a bid to draw a line under allegations of insider trading over share purchases by its chief executive officer Carsten Kengeter.

But the exchange operator left a question mark hanging over its leadership,...