Deutsche Bank

Sanctions: Deutsche Bank's US woes take a step closer to resolution.

vspace_10px.png

Deutsche Bank will, in the not too distant future, become a cause of study in universities, colleges and business schools across the world. It will become the iconic example of how not to run a bank.

Publication:

Sanctions In Action

please_be_informed_front_page_article_separator.png

In conversation: PotUS, Deutsche Bank and Russia.

OK, so the headline's a bit click-baity. This is what happened: a pal and I were chatting about Deutsch Bank and he said that he wondered what investigators might find about Trump and his dealings with Russia.

CoNet Section:

Politics and Economies

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

What New York's Department of Financial Services said about Deutsche Bank

vspace_10px.png

On 30 January 2017, the NYDFS superintendent, Maria Vullo, announced that Deutsche Bank would pay a fine of USD425 million for failures in counter-money laundering systems and controls, in an investigation closely linked with a similar investigation into the same facts by the UK's Financial Conduct Authority. What the NYDFS found is disturbing.

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

Can Deutsche Bank survive any more penalties? Can it even survive those it has recently agreed to?

vspace_10px.png

Late last year, there were rumours of fundamental financial instability at German bank Deutsche Bank (Deutsche). In September, the German government said it would not provide support for the bank. Speculation was rife as to why but perhaps the strongest was that Angela Merkel, the German Chancellor, was already on a sinking raft in heavy political seas. Then Deutsche started doing deals to settle regulatory cases and the sums are adding up to so much that the future of the bank must now be in doubt.

BIScom Subsection:

Regulatory Notices

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

FCA fines Deutsche, finally defines limits of passported institutions.

vspace_10px.png

It has long been a bone of contention in London that, in particular, US, Japanese and German banks set up local systems to comply with their head office measures, even where those fall short of requirements in the UK. In the case of US and Japanese banks, it's been a matter of arrogance. In the case of German banks, it started off as arrogance but that was complicated by the creation of "passported institutions" where a number of financial institutions have argued that home regulation trumps UK law and regulation. The FCA has had enough of that nonsense and has issued its biggest fine to date for money laundering control failures.

spacer_20_tallx1_wide.png

please_be_informed_front_page_article_separator.png

Deutsche Bank settles on payment of USD3.25m for failings in its "Alternative Trading System"

vspace_10px.png

The USA's Financial Industry Regulatory Authority (FINRA) has agreed with Deutsche Bank Securities Inc. that the bank will pay USD3.25 million. FINRA found that the company failed to make the same information available to all of the clients of its "Alternative Trading System," and other breaches of regulations.

BIScom Subsection:

Investment and institutional securities

You are here