Investment Banking

Germany blasts Deutsche Bank executives over culture

BaFin sent report to Deutsche’s management board less than a month before unexpected resignations of co-CEOs Anshu Jain and Jürgen Fitschen

Germany blasts Deutsche Bank executives over culture

German regulators accused a half-dozen current Deutsche Bank executives of failing to stop or tell regulators about years of attempted market manipulation, according to a confidential report reviewed by The Wall Street Journal that portrays the German bank as suffering from a badly broken corporate culture.

(Read the document.)

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