Deutsche Bank Takes Out Full-Page Ad To Apologize For Its Market-Rigging Misconduct
PAY THE WORLD BACK WHAT YOU STOLE!
Deutsche
Bank took out full-page ads in Germany’s Frankfurter Allgemeine Zeitung
and Sueddeutsche Zeitung on Saturday, in which the country’s biggest
lender apologized for (getting caught) engaging in market manipulation
and misconduct that has cost the company billions. In the ad, signed by
CEO John Cryan on behalf of the bank’s top management,the bank said its
past conduct “not only cost us money, but also our reputation and trust.“
from Zero Hedge:
from Zero Hedge:
The
ad said “we in the management committee and bank leadership as a whole
will do everything in our power to keep such cases from happening
again.”
[url=http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/db
[url=http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/db
While Deutsche Bank’s transgressions culminated most recently with a
December $7.2 billion settlement with the U.S. Justice Department over
its RMBS dealings in the years leading up to the financial crisis, other
“misconduct” cases have included rigging Libor, the precious metals
market, as well as money-laundering violations involving trades Russia.
As reported last Thursday, Deutsche Bank reported a larger than expected €1.9 billion Q4 loss, driven by ongoing legal settlements costs, declining equity-trading revenue and surging client redemptions from its asset management business. Cryan also offered an extensive apology at the news conference.
Deutsche Bank is in the midst of a wrenching restructuring, cutting costs and shedding riskier assets to meet tougher regulation aimed at preventing another financial crisis. In the latest aftershock from the relentless litigation against the bank, Deutsche Bank reportedly was set to announce layoffs of as much as 17% of staff in its equities unit and reduce fixed-income headcount by as much as 6%, while scrapping 2016 bonuses for as many as 90% of bankers.
Of course, the best gauge of whether Deutsche has “learned its lesson”, is to watch its actions in the coming months. With a repeal of the Volcker Rule looking increasingly likely under Donald Trump, the largest German bank may find it difficult not to engage in the same prop trading behavior that got it in serious trouble during the financial crisis.
As reported last Thursday, Deutsche Bank reported a larger than expected €1.9 billion Q4 loss, driven by ongoing legal settlements costs, declining equity-trading revenue and surging client redemptions from its asset management business. Cryan also offered an extensive apology at the news conference.
Deutsche Bank is in the midst of a wrenching restructuring, cutting costs and shedding riskier assets to meet tougher regulation aimed at preventing another financial crisis. In the latest aftershock from the relentless litigation against the bank, Deutsche Bank reportedly was set to announce layoffs of as much as 17% of staff in its equities unit and reduce fixed-income headcount by as much as 6%, while scrapping 2016 bonuses for as many as 90% of bankers.
Of course, the best gauge of whether Deutsche has “learned its lesson”, is to watch its actions in the coming months. With a repeal of the Volcker Rule looking increasingly likely under Donald Trump, the largest German bank may find it difficult not to engage in the same prop trading behavior that got it in serious trouble during the financial crisis.
Pissgate 2.0: Gov & Judiciary doesn’t deny conspiracy to rig gold and silver
On Sunday 5th Deutsche Bank took out full-page ads in Germany’s Frankfurter Allgemeine Zeitung and Sueddeutsche Zeitung on Saturday, in which the country’s biggest lender apologized for (getting caught) engaging in market manipulation and misconduct that has cost the company billions. In the ad, signed by CEO John Cryan on behalf of the bank’s top management,the bank said its past conduct “not only cost us money, but also our reputation and trust.“
FULL ARTICLE HERE
On Monday 6th Of February Mark Anthony Talyor sent the following email to members of the UK Parliament. List of email addresses below copy of the email.
Here is the list of email addresses that Mark sent his letter to:
FOR FURTHER INFORMATION ON THIS COURT CASE SEE:
Deutsche Bank And Precious Metals Price Rigging – Part One
Deutsche Bank Not The Russians Attempted To Stop The Brexit Vote – Part Two
How Deutsche Bank Sent Your Bullion to ISIS – Part Three
Gold Riggng and Bent Judges ( Video)
UBS Confess to Gold Rigging in New York – Deutche Bank Bent Bastards Who Should Go To Jail
Deutsche Bank, ISIS and the EU Jigsaw
The Brexit Jigsaw – The Secret Conspiracy of the Remain Campaign
Why the Deutsche Bank Gold Rigging Lawsuit In New York May Be a Black-Op
