Deutsche Bank online

Deutsche Bank online:

The US Securities and Exchange Commission has imposed $ 16 million on Deutsche Bank. The reason is the dubious hiring practices of the company in Russia and China.

These attitudes at German Bank act as if they were not responsible for key accounts: The company has been providing lucrative jobs to spouses of key nomenklatura officials in Russia and China - hoping for that billion of orders in the countries to come to the train.

The company has reached an agreement with the Securities and Exchange Commission to pay $ 16 million.

The SEC has been a total of five examples of this practice from the years 2006 to 2014. In one case it benefited the daughter of a man who was then the minister of finance in Moscow.

The SEC even quotes a banker who deals with it in the London office. Besides, the responsible bank employee has broken down and is working on a hunting and fishing trip.

As a result, Deutsche Bank got the bid for issuance of Russian government bonds for two billion dollars.

Similar to the case of a young Chinese woman. Deutsche Bank - but her father is the head of a state-owned company courted by the bank, Later, employees worked to them transferred to Hong Kong's Deutsche Bank office.

According to the SEC, this type of customer violates the Foreign Corrupt Practices Act.

However, the Federal Bank of Japan, according to the Financial Times, states that the JPMorgan Chase agreed in 2016 for similar cases with the SEC and

The US Department of Justice on the payment of 264 million dollars, in the event Crédit Suisse spent $ 47 million


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