Frankfurt
The Financial Bafin raises serious allegations against the board of the German bank. The Faults Report of the Authority comprises 37 pages.
The Libor scandal by manipulating interest rates keeps the German bank even after the departure of co-chief Anshu Jain and billions penalties in suspense. Four incumbent directors and two other top managers of the Institute are confronted with serious allegations. Anshu Jain, controversial former co-head of Deutsche Bank, is mentioned several times in the confidential report of the Federal Agency for Financial Services Supervision (BaFin).
The had the “Wall Street Journal” in the night of Friday on the Internet published. Jain has therefore played an at least dubious role in the scandal over the manipulation of the key for many financial transactions interbank interest rate Libor and must have known since 2008 that it has at least given irregularities.
Especially serious allegations raises bank supervisor Frauke Menke against four reigning boards of the Bank and two other top managers. It keeps you in front of serious failures. The main points:. Neglect of monitoring obligations and incomplete and insufficient information of banking supervisors in the workup of the scandal
The German bank stressed it was too early to draw conclusions about the behavior of the bank and or individuals. The German bank has received the report on 11 May. The requested opinion has now submitted to BaFin, the bank. You will not be published.
The German bank has paid in Europe and in the US because of the Libor scandal penalties amounting to more than EUR 3 billion.
The four of Bank guard Menke sharply criticized current board members of the bank are Stephan Leitner, currently also responsible for staff, IT Executive Henry Richotte, the former chief financial officer Stefan Krause, currently for payments and Postbank responsible and risk-Executive Stewart Lewis.
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