The deal between the former top managers including ex-CEOs Josef Ackermann and Anshu Jain, as well as current Chief Risk Officer Stuart Lewis is expected to be announced shortly, they added.

Deutsche Bank declined to comment.

In May, supervisory board chairman Paul Achleitner told shareholders at the bank's annual general meeting that the board and two committees were discussing the need for personal and collective responsibility for past misconduct.

(Reporting by Andreas Framke and Arno Schuetze; Editing by Maria Sheahan and Vicoria Bryan)