The UK Financial Conduct Authority (FCA) has put out details of several clone firms today. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to scam…
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The Financial Conduct Authority (FCA) has fined Deutsche Bank AG £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015. This is the largest financial penalty for AML controls failings ever imposed by the FCA, or its predecessor the Financial Services Authority…
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Deutsche Bank AG moved the trader who was leading the wind-down of a $1.1 trillion credit-default swaps portfolio to a role in emerging-market bonds, according to Bloomberg. Aditya Singhal, described as “one of the most profitable traders” at Deutsche Bank’s European credit business, will become head of local markets trading for central and eastern Europe,…
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German banking giant Deutsche Bank AG (NYSE:DB) has just announced its quarterly report. Here are some of the highlights: Revenues slightly up EUR 7.5 billion vs. EUR 7.3 billion in 3Q2015, despite a tough interest rate environment Noninterest expenses lower EUR 6.5 billion vs. EUR 13.2 billion in 3Q2015, which included significant impairments and litigation…
Read moreDeutsche Bank AG is implementing a companywide hiring freeze as Chief Executive Officer John Cryan seeks to lower costs and shore up investor confidence, according to a person familiar with the bank’s plans. John Cryan, is struggling to reverse a slide in shares that eroded almost half of the company’s market value this year, amid…
Read moreIt's been a busy week for the U.S. Commodity Futures Trading Commission (CFTC). After charging FXCM, CFTC has filed a civil complaint in the U.S. District Court for the Southern District of New York, charging Deutsche Bank AG (Deutsche Bank) with failing to report any swap data for multiple asset classes for five days; submitting incomplete…
Read moreThe Federal Court in Perth has banned Gary Stokes and Terence Quinn from managing corporations for three years and ordered they each pay a $25,000 fine for breaching their duties as directors of Padbury Mining Ltd (Padbury) with respect to the company's disclosure obligations. The decision comes as a result of civil penalty proceedings commenced…
Read moreDeutsche Bank AG (FRA:DBK), one of the investment banking giants on a global scale, has again raised its stake in CFD broker Plus500 Ltd (LON:PLUS). A filing with the London Stock Exchange, out today, shows that on Monday (March 16, 2015), the investment bank bought 387,004 shares in Plus500, thus taking its stake in the…
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