Police raids on Deutsche Bank’s offices in Frankfurt last week were, of course, not the fault of the current management team, according to the firm’s chief financial officer (CFO).
Two Deutsche Bank staff members are suspected of helping clients set up off-shore businesses to launder money gained from criminal activity.
The wrongdoing is alleged to have continued through to 2018 but the bank’s financial chief, James von Moltke, told CNBC’s Annette Weisbach Thursday that current executives shouldn’t shoulder the blame.
“To date, we are not aware of any wrongdoing on our part, so we will await the conclusion of the prosecutors,” Von Moltke said.
In 2016 alone, more than 900 customers with a business volume of 311 million euros ($353.6 million) were thought to have been cared for by a Deutsche Bank subsidiary based in the British Virgin Islands, the prosecutor said.
Texas Law Professors on Bankruptcy and Civil Rights Won’t Confront Premeditated Judicial Misconduct
Three lauded Texas University law schools employ these academics. Despite their resumes centered on civil rights, they refuse to defend them.
Second Quick-Fire Ruling by Federal Magistrate Judge Challenges Integrity of Her Own Scheduling Order
Uneven Treatment: Judge Allows Longer Response Time for Opposing Party and their Counsel Despite Previous Restrictions on Pro Se Plaintiff.
Widow Ursula Riston’s First Lawsuit against Deutsche Bank is Snap Removed to Federal Court by McGlinchey
Riston is represented by foreclosure defense counsel in this matter and not one of the usual suspects, who secured a TRO in state court.
