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
State and federal authorities have begun settlement talks with Commerzbank AG and Deutsche Bank over their alleged dealings with countries blacklisted by the United States.
The timing of a possible deal could cost the German banks billions in penalties is still unclear, Reuters said. … Continue Reading
A former partner at accounting firm BDO Seidman was sentenced to three months in prison Tuesday after pleading guilty to participating in a huge tax-shelter scheme that defrauded the U.S. government of $1.5 billion.… Continue Reading
Deutsche Bank is under investigation for whether it hired the children of Chinese government officials as a way to win work, according to a Reuters report based on unnamed sources.
The report didn’t include any details about which agencies are conducting the investigation or if individuals are targeted.… Continue Reading
Shigeru Echigo, a former salesman at Deutsche Bank in Tokyo, has admitted to bribery charges, but he says he was only following orders from his superiors.
In Tokyo District Court, Echigo said he bribed a pension fund executive to keep the executive buying the bank’s investment products.… Continue Reading
Deutsche Bank agreed on Monday to turn over documents related to a regulatory probe into the operations of its Dubai-based wealth management division.
The Frankfurt-based lender will hand over the details sought by the Dubai Financial Services Authority (DFSA) within 28 days and pay the regulator’s costs, as noted in a DFSA statement on Monday.… Continue Reading
Country: Japan
Company Involved: Deutsche Bank AG
Industry: Banking and securities
Individuals: Shigeru Echigo, a director of Deutsche Securities Inc. and a former Mitsui pension executive, Yutaka Tsurisawa
Enforcement Action: Arrests
Summary:
Shigeru Echigo, 36, a director of Deutsche Bank AG’s Japanese brokerage unit and its pension solution sales department was arrested Thursday on suspicion of bribery.… Continue Reading
