Deutsche Bank : Rich in scandals


October 15 2019

With all strength wanted the German bank involved in global investment banking over the past two decades. But not only in the trading of bonds or derivatives, she brought it at times to the championship, but also in the disciplines of fraud and customer delusion, which has cost them from 1995 to today about 20 billion dollars in fines. The list of legal risks still takes up many closely printed pages in the annual report. Whether it is the manipulation of interest rates, crooked business with real estate loans or sales tax fraud with CO₂ emission rights – the Deutsche Bank has before, during, but also after the financial crisis hardly missed a financial scandal. The highest penalty paid the house 2017 for crooked business in the US housing market: the equivalent of 6.33 billion euros.