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Deutsche Bank (DBKGn.DE) defended its record in fighting money laundering on Thursday after the Financial Times reported it had processed 31 billion euros ($35 billion) more in questionable funds ...
Deutsche Bank's (DB) involvement in legal issues continues to hamper top-line growth and affect its reputation.
Shares in Deutsche Bank slipped nearly 2% on Thursday morning following reports the German bank could face legal action over a $20 billion Russian money-laundering scheme.
In 2022, under the orders of Deutsche Bank's supervisory board, Sewing and 10% of the senior staff took an overall €1 million reduction in pay due to the bank's missing targets. Sewing received a €145,000 cut to his bonus, as the supervisory board, led by Alexander Wynaendts , revealed that the bank met just 64% of its government, social ...
[2] [3] However, despite being a separate company, the majority of DWS shares are still held by Deutsche Bank at 79.49%. [11] In October 2018, DWS named Asoka Woehermann as the replacement for former CEO Nicolas Moreau. [12] In 2022, Asoka Wöhrmann resigned from his post of CEO after the company's offices in Frankfurt were raided by police ...
The Indian Express reported that Jindal Steel and Power was flagged by Deutsche Bank for money laundering. [ 21 ] The SARs, with additional investigations by the Organized Crime and Corruption Reporting Project , also provide further details on the scheme employed by Reza Zarrab to evade economic sanctions on Iran , and its links with the ...
Deutsche Bank (DBKGn.DE) Chief Executive Christian Sewing said two employees subject to an ongoing investigation into money laundering allegations should not be prejudged until proven guilty. The ...
Welt am Sonntag and ZDF, revealed numerous irregularities including both a $10 billion money laundering scheme spearheaded by the Russia branch of Deutsche Bank at Moscow, which the New York State Department of Financial Services fined Deutsche Bank $425 million, and derivatives improprieties. [3] [11] [12] [13] [14]