Deutsche Bank was fined a total of 629 million US Dollars for compliance failures in relation to transactions of 10 billion US Dollar from Russia to Cyprus, Estonia, and Latvia via London and New York. The UK Financial Conduct Authority issued the ank with a 204 million US Dollar fine and New York’s Department of Financial Services issued a 425 million US Dollar fine. ... →
Hard on the heels of the 7.2 billion dollar settlement with the US Department of Justice regarding the selling of defective mortgage backed securities (MBS), Deutsche Bank has suffered a further setback. A New York court on Monday 23 January approved a lawsuit brought by several Deutsche Bank clients who bought MBS between 2004 and 2008. ... →
In June 2016, BankTrack published its second edition of “Banking with Principles? – Benchmarking Banks against the UN Guiding Principles on Business and Human Rights“. Using 12 criteria in 4 categories (policies, due diligence commitments, reporting and access to remedy), based on the UN Guiding Principles on Business and Human Rights, BankTrack assessed 45 of the largest banks globally, including Commerzbank and Deutsche Bank. ... →
The first free consumer portal rating the social and environmental commitments of German banks sees GLS Bank and Triodos Bank in the lead.
(Berlin, March 15, 2016) – On today’s World Consumer Rights Day, a coalition of German non-governmental organizations (NGOs) is launching the first free online portal reviewing German banks’ social and ecological guidelines: www.fairfinanceguide.de. ... →
One of the major processes for competitive manipulation by banks is at an end. In the civil trial of twelve financial corporations that were involved in the long-term manipulation of the market for credit derivatives, the payments have been set at 1.87 billion US dollars. One of the accused was Deutsche bank.
The accused are said to have conspired in credit default swaps (credit default swaps, CDS) to keep unwelcome competitors out of the derivatives market. ... →
On 7 August 2014 40,000 cubic meters of waste water, comprising acid – laced copper sulphate and heavy minerals, spilled from a copper mine in Northern Mexico into two rivers just 40 km from the US border. This toxic leak originated from the Beunavista Copper Mine in Cananea Sonora, operated by the mining company Grupo Mexico. ... →