Posted by on April 17, 2019 6:01 am
Tags: , , , ,
Categories: µ Newsjones

Exclusive: in confidential internal report seen by the Guardian, bank says scandal has hurt global brand

Germany’s troubled Deutsche Bank faces fines, legal action and the possible prosecution of “senior management” because of its role in a $20bn Russian money-laundering scheme, a confidential internal report seen by the Guardian says.

The bank admits there is a high risk that regulators in the US and UK will take “significant disciplinary action” against it. Deutsche concedes that the scandal has hurt its “global brand” – and is likely to cause “client attrition”, “loss of investor confidence” and a decline in its “market value”.

Continue reading…