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[42] [43] [12] [44] Jain led the investment bank plus asset and wealth management, and was the face of Deutsche Bank internationally. [ 42 ] [ 43 ] Jain combined the bank's asset management and wealth management divisions into a single unit, [ 45 ] [ 3 ] and expanded it to be a global competitor closer in size to Deutsche Bank's other major units.
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 ...
The European Commission is reviewing past money-laundering cases at EU banks to assess what went wrong and decide possible tweaks to rules, an EU official said, citing Deutsche Bank and Societe ...
Deutsche Bank's (DB) involvement in legal issues continues to hamper top-line growth and affect its reputation.
In November 2018, the bank's Frankfurt offices were raided by police in connection with investigations around the Panama papers and money laundering. Deutsche Bank released a statement confirming it would "cooperate closely with prosecutors". [101] AUTO1 FinTech is a joint venture of AUTO1 Group, Allianz, SoftBank and Deutsche Bank. [102]
ICIJ and Deutsche Welle report that Germany's Deutsche Bank accounted for 62% of the leaked SARs. [34] [10] Deutsche Welle further notes that Deutsche Bank was responsible for $1.3 trillion worth of suspicious transactions, even after hundreds of millions in fines for violating US sanctions. [34]
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 ...
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 ...