Pay capped... at £8.4m

DeUTSChe Boerse has capped executive pay at £8.4m a year.

It will be seen as an olive branch to regulators as the German stock exchange tries to head off an insider trading probe following a £9.3m fine after chief executive Carsten Kengeter bought £4.9m of shares days before a merger attempt with the lSe was made public.

Bosses said the pay cap was to ‘prevent possible and unwanted extremes’.