Tag Archives: Banken

Raid on Commerzbank headquarters for suspected tax evasion

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Commerzbank-Zentrale in Frankfurt am Main | Bild (Ausschnitt): © David Schiersner [CC BY 2.0] - flickr

As reported by n-tv and Handelsblatt the attorney general of Frankfurt authorised raids on offices in the Commerzbank headquarters as well as 3 private houses of accused individuals in the second week of November. The raid was based on the suspicion that Commerzbank evaded taxes by Cum-Ex trading in the past.

The attorney general claims investigations showed multi-billion Euro deals closed between 2006 and 2010 which evaded taxes of about 40 million Euros.   ... →

Banking without Principles?! – Banks rate low in BankTrack report

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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.   ... →