Deutsche Borse anger

ANGRY investors are demanding that the chairman of Deutsche Boerse quits over an insider trading scandal that has already claimed its chief executive, Carsten Kengeter.

He bought 60,000 shares worth £4m just days before the Frankfurt-based business unveiled an ill-fated takeover bid for the London Stock Exchange. Kengeter – who has always denied wrongdoing – is leaving at the end of the year after failing to reach a settlement with prosecutors.

Now, two investors with more than 6.5pc of Deutsche’s stock reportedly want chairman Joachim Faber to go, too.

One said there had been ‘a grand- scale failure of the supervisory board’.