Sal Oppenheim Says 2 Local Branch Heads Have Left Bank

Two of Sal. Oppenheim's 10 heads of local branches have left the Luxembourg-based private bank prior to its announced takeover by Deutsche Bank , a spokesman for Sal. Oppenheim said Sunday, confirming a report in German weekly WirtschaftsWoche.

"Their respective decisions were taken quite some time ago, and we have found very good internal replacements for both positions," the spokesman said.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions