Deutsche Bank undertakes independent investigation
Deutsche Bank’s executive management learned about possible violations which occurred in past years of the bank’s internal procedures or legal requirements in connection with activities involving the bank’s corporate security department. The Chairman of the Management Board, Dr. Josef Ackermann, and the Global Head of Group Audit, in coordination with the Audit Committee of the Supervisory Board, immediately retained a leading law firm to conduct an independent investigation.
The facts that have been ascertained to date suggest that only a few breaches may have occurred and that none of them involved customer information. The Management Board and the Supervisory Board have been briefed on the current status of the independent investigation, which is ongoing.
The bank has also informed the German Federal Financial Supervisory Authority BaFin. The BaFin initiated its own investigation.
Should the investigations establish that internal procedures of the bank or applicable laws have been violated, that reporting or monitoring obligations have been breached, or that any other form of inappropriate behaviour occurred, the bank will implement corrective action as appropriate when the final reports have been received.
For further information, please call:
Press and Media Relations
Dr. Ronald Weichert
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,277 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.