Posts tagged "Whistleblower Protection"
Deutsche Bank Year in Review: 2012

Deutsche Bank Year in Review: 2012

It has been a year of transition at Deutsche Bank. After ten years as CEO, Dr. Josef Ackermann handed the reins to the world’s largest bank by asset to Anshu Jain and Juergen Fitschen at the end of May. The new co-CEOs promise “culture change” and a campaign to rebuild public trust in Deutsche. But by the end of the year, it became clear that it would be difficult for the new leaders to “escape their past” as the bank slid into “a swamp of scandal” (in the words of Der Spiegel). {read more}
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}
How Will Deutsche Bank Be Affected by the LIBOR Scandal? (Part II)

How Will Deutsche Bank Be Affected by the LIBOR Scandal? (Part II)

UPDATE, 7/23: Deutsche Welle reports (“Deutsche Bank to make provisions for steep Libor fine“): “Deutsche Bank’s management and supervisory board were discussing provisions of between $300 million (247 million euros) and $1 billion, according to Handelsblatt, which quoted sources in the sector.” —– “Anxiety currently reigns at Deutsche Bank.” Our earlier post outlined several LIBOR-related questions for Deutsche Bank and its co-CEO Anshu Jain. Here we raise three more areas of concern: {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}