Accusations in the United States: New trouble for Deutsche Bank

Deutsche Bank may have violated settlement requirements in the United States. Now threatening new trouble with the US judiciary. It is about flagging off charges against the fund’s subsidiary DWS.

According to media reports, the US Justice Department has told Deutsche Bank that it may have violated the requirements of the earlier agreement. According to the “Wall Street Journal”, the largest German financial institution is said to have concealed an internal complaint and did not report it to prosecutors in the United States.

In particular, it is about greenwashing allegations on subsidiary DWS. The property manager is said to have lied in his annual report about permanent investments and When making investment decisions, they were less guided by ecological or ethical criteria than officially stated, The former head of sustainability at DWS had already voiced these allegations in the spring. He gave an interview to the “Wall Street Journal” at the time. In this way the US Department of Justice came to know about the matter.

compared to millions

Over the years, Deutsche Bank has repeatedly had problems with the US authorities. In January itself, Money House had paid a settlement of $1 million. In turn, criminal proceedings against Deutsche Bank in the United States were closed. Alleged at the time were: Corruption and bribery deals abroad. The US can also pursue allegations of bribery outside its national borders.

According to US media reports, part of Deutsche Bank’s deal with US officials supervisors were also asked to report further misconduct. Now the US Justice Department has to investigate the matter.