Deutsche Bank’s investment subsidiary DWS, based in the US, was set to pay $25 million in penalties to the US Securities and Exchange Commission (SEC) for misstatements regarding “green” investments and insufficient money laundering controls.
Tag: Deutsche Bank
Zurich Near Deal for Deutsche Bank’s Italian Advisers Unit
Zurich Insurance Group AG is nearing a deal to buy Deutsche Bank AG’s Italian financial promoters network, according to people familiar with the matter. Zurich has emerged as the leading candidate to buy DB Financial Advisors in a deal that would value the asset at about 350 million euros ($415 million), said one of the… Continue reading Zurich Near Deal for Deutsche Bank’s Italian Advisers Unit
Deutsche Bank to Pay $16 Million for Improper Hiring Practices
Deutsche Bank AG has agreed to pay $16 million to settle charges by the Securities and Exchange Commission that it violated U.S. foreign bribery law by hiring relatives of foreign government officials. Deutsche Bank settled the Foreign Corrupt Practices Act charges without admitting to or denying the SEC’s findings in an administrative settlement Thursday. The… Continue reading Deutsche Bank to Pay $16 Million for Improper Hiring Practices
Deutsche Bank Asset Management Arm Said to Get Allianz Interest
Allianz SE is exploring the possibility of a combination of its asset management arm with Deutsche Bank AG’s DWS Group to create a national champion in active money management, according to people familiar with the matter. The Munich-based insurer is looking at the feasibility of a deal with Germany’s largest lender to create a business… Continue reading Deutsche Bank Asset Management Arm Said to Get Allianz Interest