Joseph Farrell ~ News And Views From The Nefarium – June 11 2015 [Video]

What in the name of sense is going on at Deutsche Bank?

[youtube=https://youtu.be/UT0FqLIjKW4]

Sources

  • Deutsche Bank Offices Raided By Authorities
  • Deutsche Bank Head Of Asia-Pac Equities Loses Control Of His $580,000 Ferrari, Kills Innocent Bystander

Deutsche Bank Offices Raided By Authorities – Just two days after Deutsche Bank co-CEOs Anshu Jain and Jürgen Fitschen announced their resignations, the bank’s offices in Germany, France, and the UK have been searched by authorities.

  • DEUTSCHE BANK HQ SEARCHED BY AUTHORITIES THIS MORNING: CNBC
  • DEUTSCHE BANK SAYS SEARCH RELATED TO SECURITY DEALS BY CLIENTS
  • DEUTSCHE BANK SITES IN FRANKFURT, LONDON, PARIS SEARCHED: BILD

Deutsche says the searches are related to “security deals by clients” and apparently do not involve allegations of wrogndoing by the employees.

From Reuters:

Deutsche Bank confirmed its offices in Frankfurt had been searched on Tuesday and said investigators were looking for evidence related to client transactions, with no Deutsche Bank employees accused of wrong-doing.

A spokesman for Germany’s largest lender said the raid had been conducted on behalf of prosecutors in the German city of Wiesbaden, who were seeking evidence of securities transactions by the bank’s clients.

Statement from the bank:

Today the offices of Deutsche Bank in Frankfurt are being searched by the Public Prosecutor’s Office. The search relates to an investigation into securities transactions by clients. Employees of Deutsche Bank are not accused of any wrongdoing.

From Spiegel (via Google translate):

The specific allegations, the Attorney General’s Office Frankfurt declined to comment first. Introduce “in an ongoing process procedural coercion” by a judiciary spokesman said on Tuesday in Frankfurt.

To subject and scope of the investigation, the authority could not say anything because “operational phase” nor walk. However, the spokesman said no one associated with the procedure for VAT fraud in the trading of pollution rights (CO2 allowances).

According to a German bank spokesman, the raid directed against shady business of individual customers. “I can confirm that there is on behalf of the prosecutor’s office in Wiesbaden today searches offices of Deutsche Bank in Frankfurt,” the spokesman said. “The search aims to ensure evidence in connection with investigations against customers with respect to certain securities transactions. There are no employees of the bank accused.” More details – about the shops the customer – did not want to call the speaker. Continue reading . . .


Deutsche Bank
Robert James Ebert

Deutsche Bank Head Of Asia-Pac Equities Loses Control Of His $580,000 Ferrari, Kills Innocent Bystander – As recently as several months ago, the financial press was surprised when a wave of Deutsche Bank employees, particularly those in the bank’s legal department (such as here and here), decided to take their own lives. Now at least one Deutsche Banker, perhaps perturbed by the recent news involving the unexpected departure of his co-CEOs coupled with the even more unexpected raid of the bank’s global headquarters, has decided to show the jump from sui- to homicide is a simple one.

Earlier today, Hong Kong police arrested a 48-year-old Deutsche Bank employee on “suspicion of dangerous driving and causing death.” The fatal accident happened early on Tuesday at a car park near Deutsche’s office at International Commerce Center, across the harbor from the city’s financial district.

According to Reuters, the driver was Deutsche’s head of Asia-Pacific equities trading, Robert James Ebert, 48, who was behind the wheel of a Ferrari at the time of the accident.

Below is his Linkedin profile: Continue reading . . .

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