Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
The Financial Industry Regulatory Authority (FINRA) Monday fined Deutsche Bank Securities Inc. $12.5 million for sending out internal alerts that might contain confidential information traders and their customers could use.
The internal alerts are called hoots and squawks.… Continue Reading
Two former Deutsche Bank AG traders — the bank’s supervisor of the Pool Trading Desk in New York and a derivatives trader in London — were indicted for their alleged roles in a scheme to manipulate the U.S.… Continue Reading
The UK Financial Conduct Authority Wednesday banned a former trader at Deutsche Bank AG from the UK financial services industry for “lacking honesty and integrity” following his guilty plea for fraud in the United States.… Continue Reading
Federal and New York authorities said Wednesday that Deutsche Bank will pay $258 million and fire six senior employees to resolve investigations into thousands of illegal transactions with customers in Iran, Libya, Syria, Myanmar, and Sudan.… Continue Reading
The UK Financial Conduct Authority on Wednesday fined Merrill Lynch International £13,285,900 ($19.8 million) for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.… Continue Reading
The U.S. Treasury Department’s Financial Crimes Enforcement Network said senior managers at Banca Privada d’Andorra took bribes for several years to help launder money for organized crime groups.
FinCEN designated the bank, known as BPA, as a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act.… Continue Reading
Job Title: Compliance Officer – Anti-Bribery & Corruption Officer – AVP/VP
Employer: Deutsche Bank
Location: New York, NY
Description
Support ABC matters within the AMERICAS region, working with the Regional Head of ABC, AMERICAS, AML and Financial Crime and Compliance staff to implement and update ABC processes and ensure, as appropriate, consistency in policies, procedures and controls; Support the undertaking of risk assessments specific to ABC risks across the AMERICAS region .… Continue Reading
Royal Bank of Scotland received immunity from a €110 million ($146 million) fine after telling the European Commission’s competition watchdog it had tried to fix Swiss franc interest rates with JP Morgan.… Continue Reading
Image courtesy of Deutsche BankDeutsche Bank AG has filed a lawsuit against its former employee Zhang Hongli, also known as Lee Zhang, for transferring $3.9 million to a bank account in Shenzhen.… Continue Reading
Deutsche Bank in Frankfurt, Germany, courtesy of WikipediaU.S. banking regulators have ordered Deutsche Bank AG to improve its compliance systems and risk controls, the Wall Street Journal said.
The report Thursday cited an agreement Deutsche Bank entered into with the Federal Reserve Bank of New York and New York’s Department of Financial Services.… Continue Reading
The Federal Reserve Bank of New York has found serious problems in Deutsche Bank’s U.S. operations, including poor financial reporting, weak technology and inadequate auditing and oversight.
A source told Reuters Wednesday that a senior official with the New York Fed said in a letter last December to the German bank’s executives that that financial reports produced by some of the bank’s U.S.… Continue Reading
A former Deutsche Bank salesman who described systematic bribery in the sale of bank services to pension funds was given a suspended prison sentence Wednesday by a Tokyo judge.
Shigeru Echigo received a 10-month prison sentence, suspended for three years.… Continue Reading
