Posts tagged "Robert Khuzami"
Deutsche Bank Whistleblowers Make Headlines

Deutsche Bank Whistleblowers Make Headlines

Today, three whistleblowers from Deutsche Bank made front-page news in the Unit­ed States and Europe.  DBRiskAlert would like to congratulate these courageous employees – especially former Bank Risk Analyst Eric Ben-Artzi, who brought forward his concerns with the help of the Government Accountability Project. If you haven’t yet seen the Financial Times articles, read them here, here and here.  (free registration required.) Also, check out a recent post in the Free Exchange blog on how these issues (and TBTF) are impacting shareholder value for the big banks. We will be following this unfolding story in the days, weeks and months to come. {read more}
Did Deutsche Bank Mislead Rating Agencies?

Did Deutsche Bank Mislead Rating Agencies?

According to a recent report by ProPublica, in 2007, a junior analyst at Deutsche Bank, Ajit Jain, was asked to manipulate a spreadsheet “to make a Deutsche security look less risky to ratings agency.” {read more}

“Mr. Something to Hide”? SEC Chief Khuzami and Deutsche Bank

On November 28, 2011, Judge Jed S. Rakoff of Federal District Court filed a “blistering” 15-page opinion in response to the SEC’s proposed $285 million settlement over a $1 billion CDO packaged by Citigroup. According to the SEC, Citigroup’s clients took a loss of $700 million while Citi raked in $160 million in profits on its short position. Citigroup neither confirms nor denies the charges. {read more}