Deutsche Bank AG (FRA:DBK) has announced the appointment of Annett Viehweg as Chairwoman of the Board, Deutsche Bank Ltd Russia. Before assuming her new role, Ms Viehweg was Head of Global Network Banking for Central and Eastern Europe, the Middle East, and Africa at Deutsche Bank where she was responsible for managing the teams and…
Read moreSeveral months have passed since New York’s Department of Financial Services first announced it was examining the activities of investment giant Deutsche Bank AG (FRA:DBK) over suspected money laundering. According to a report by the Financial Times, the US Department of Justice (DoJ) and New York’s Department of Financial Services (NYDFS) are widening the scope…
Read moreAn incident with many zeroes at the London-based Forex desk of Deutsche Bank AG (FRA:DBK) has added to concerns about risk and operational controls at the investment giant. According to a report by the Financial Times, the bank paid whooping $6 billion to a hedge fund client by mistake in June 2015. People familiar with…
Read moreThe bank's own investigation into possible money laundering at its Russian business now covers 10 to 12 broker counterparties. DB is also looking closely into activities of a senior employee.
Read moreThe New York State Department of Financial Services is investigating Deutsche Bank over an alleged series of trades in which $6 million was allegedly the subject of money laundering in Russia
Read moreThe combined penalties issued to Barclays and Deutsche Bank, at £511 million, make up the lion’s share of the £696.6 million total for the year to date, representing nearly half of the £1.4 billion reaped last year, however the FCA considers it very unlikely that it will be able to match that in the second half of the year
Read moreThe CFTC, FCA, US Department of Justice, and New York State Department of Financial Services have collectively issued their penalties to Deutsche Bank, with fines topping $2.5 billion
Read more“Deutsche Bank’s failings were compounded by them repeatedly misleading us. The bank took far too long to produce vital documents and it moved far too slowly to fix relevant systems and controls" - Georgina Phillipou, Acting Director of Enforcement and Market Oversight, FCA
Read moreAnother transaction with shares in Plus500 Ltd (LON:PLUS), the CFD broker, was announced today. A filing with the London Stock Exchange shows that investment banking giant Deutsche Bank AG (FRA:DBK) has taken its shareholding in Plus500 below reportable threshold. The transaction took place on March 18, 2015. The latest change in Deutsche Bank's holding in…
Read moreInterest by investment banks into Plus500 Ltd (LON:PLUS) is not losing its force, as Deutsche Bank AG (FRA:DBK) has just raised its shareholding in the CFD broker. According to data released on Friday, the investment bank bought 2,124,445 shares in the broker on February 18, 2015. This way, the total number of shares Deutsche Bank…
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