All Deutsche Bank articles – Page 2

  • Blog post

    Deutsche Bank offers more details on Panama Papers raid


    Deutsche Bank has provided more details on a two-day raid, in which German prosecutors searched several Deutsche Bank offices, in connection with the Panama Papers. The case also imparts some important compliance lessons.

  • Blog post

    Deutsche Bank latest to come under fire for lax AML controls


    Deutsche Bank has become the fourth bank in the past month to get into regulatory trouble for having lax anti-money laundering controls in place, joining Danske Bank, ING, and Credit Suisse.

  • Blog post

    SEC: Deutsche Bank to pay $75M for improper handling of ADRs


    The Securities and Exchange Commission on July 20 announced that two U.S.-based subsidiaries of Deutsche Bank AG will pay nearly $75 million to settle charges of improper handling of “pre-released” American Depositary Receipts.

  • Blog post

    Deutsche Bank fined $205M for ‘unsound’ conduct in Forex trading business


    The New York State Department of Financial Services has fined Deutsche Bank $205 million as part of a consent order for violations of New York banking law in its Forex trading business.

  • Blog post

    SFO: Ex-Deutsche Bank trader pleads guilty over EURIBOR manipulation


    The Serious Fraud Office announced that an ex-Deutsche Bank trader pleaded guilty to conspiracy to defraud in connection with its ongoing investigation into the manipulation of the Euro Interbank Offered Rate (EURIBOR).

  • Blog post

    Financial Conduct Authority bans former Deutsche Bank trader


    The U.K. Financial Conduct Authority has fined Guillaume Adolph, a former short-term interest rate derivatives trader at Deutsche Bank, £180,000 and banned him from performing any function in relation to any regulated financial activity.

  • Blog post

    Deutsche Bank names general counsel


    Florian Drinhausen will become Deutsche Bank’s general counsel next year, leading the legal department. He will replace Co-General Counsels Christof von Dryander and Simon Dodds.

  • Blog post

    Former SEC Enforcement Director joins King & Spalding


    Richard Walker, former Director of Enforcement at the Securities and Exchange Commission, has joined international law firm King & Spalding as a partner in the Special Matters & Government Investigations group, resident in the New York office.

  • Blog post

    Deutsche Bank, Credit Suisse reach combined $12.5B settlements


    Deutsche Bank and Credit Suisse last month agreed to pay a combined $12.5 billion in penalties related to the packaging, securitization, marketing, sale, and issuance of residential mortgage-backed securities, whereas Barclays and several of its U.S. affiliates are battling a civil complaint over similar claims. Jaclyn Jaeger reports.

  • Blog post

    Memo to Telia, Deutsche Bank: Do not negotiate with the DOJ in public


    While Telia Co. and Deutsche Bank are looking to publicly war with the Justice Department over upcoming penalties, they should be learning by Avon Product’s example, says Tom Fox—the firm initially suggested a $12M fine and ended up paying a cool $135M.

  • Blog post

    Two former Deutsche Bank employees indicted on fraud charges


    The Department of Justice announced today the indictment of two former Deutsche Bank traders—the bank’s supervisor of the pool trading desk in New York and a derivatives trader in London—for their alleged roles in a scheme to manipulate the USD London InterBank Offered Rate, a benchmark interest rate to which ...

  • Blog post

    Deutsche Bank and the continuing costs of money laundering risks


    Deutsche Bank demonstrates that the costs of continuing to fail to meet regulatory requirements regarding anti-money laundering can be astronomical. Tom Fox looks at the Financial Conduct Authority’s Deutsche Bank investigation and what it means for the financial firm’s future.

  • Blog post

    Survey: Banker Bonuses Plummet in 2016


    Image: Bankers should see a sharp fall in their bonuses this year in light of new regulations and increased shareholder pressure around soaring banker bonuses. According to a U.K.-based salary benchmarking website, investment banker bonuses are expected to take a 4 percent dip this year. Last month, at an academic ...

  • Blog post

    Bankers Still Overpaid Despite Poor Performance


    Deutsche Bank Chief Executive John Cryan said earlier this week that bonuses don’t necessarily make bankers work harder; instead some employees feel that they are entitled to an outsized incentive despite bad performance. Cryan’s message come weeks after a warning was issued at Deutsche Bank about rewarding staff with new-year ...

  • Blog post

    Banks May Get More Time to Prepare for Financial Market Regulation


    The EU is considering delaying the release of a comprehensive regulation that will overhaul financial market rules. The delay comes amid mounting concerns that the legislation’s accompanying technologies may not be ready in time for the January 2017 start date. Due to the complexity of the rule, banks and other ...

  • Blog post

    ECB Delays Review of Banks’ Risk Models


    The European Central Bank has extended its review of banks’ internal risk models up to four years. The banking supervisor plans on conducting a thorough examination on how some of the Eurozone’s biggest banks are calculating its capital. Deutsche Bank, Santander, and Société Générale are some of the financial institutions ...