Deutsche Bank Raided by 170 Police Officers in 5 Locations [videos] ~ November 30, 2018

Editor’s Note: Well, well, well…have you got your cash ready? You may need this sooner than you think now that the banks are starting to fail! This IS a cycle the Earth must go through as dark is eradicated on our planet reported by two Alt Media sites. Please read, get prepared, and…

InJoy!

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Yup! Hammers are falling for these board members. Is shittybank next? JP Morgan? Wells Fargo? Bank of America?

No bank is too big to fail and the banksters know it.

Their illusory world is disintegrating.

Read more here…  ~ BP

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#HATJ: Deutsche Bank Compliance Chief, 5 Board Member Offices Raided As Stock Hits All Time Low

by / / Disclosure

#HATJ: Deutsche Bank Compliance Chief, 5 Board Member Offices Raided As Stock Hits All Time Low

BZ: I sent this article to HATJ, and this was her reply…

 

From: HEATHER ANN TUCCI-JARRAF (86748007)
TO: BZ Riger
Date: 11/30/2018 3:38:20 PM
Subject: RE: Deutsche Bank Compliance Chief, 5 Board Member

 

in my humble opinion…ubs and hsbc were more outrageous, unbelievably, insanely, and hilariously so…then again, perhaps i am biased, lol 🙂

wells fargo was just a mean, mean, classless, cut throat bully on the block, until “china” took majority ownership in 2013

citi corp was just “slick” and very “arab”, even after the restructure done by connie light (if that was even her real name, lol)

but the big, bad beasts were all ways always considered by most to be the FEDERAL RESERVE (FED) and the BANK FOR INTERNATIONAL SETTLEMENTS (BIS)…

…all being relegated to the archives of collective memory…”thank heavens” 😉

love you!

thank you for all the emails! i am grateful for not having access to the internet, because even i do not choose to experience, albeit by observation, the “blow by blows” of the “crash and burns”, the “outings of all liars”, etc…here it is now…and many in the “hotseats” or about to be exposed as being in the “hotseats”, are going, “did we really choose this experience?”…lol…with hugs, smiles, and humor, i say, “yes. you really did. thank you.” 🙂

love to you and keegan ❤

 

 

 

 

 

Deutsche Bank Compliance Chief, 5 Board Member Offices Raided As Stock Hits All Time Low

Reeling from a Morgan Stanley downgrade of European Banks and a second day of raids on its Frankfurt headquarters, Deutsche Bank shares declined by another 3% on Friday to a new all time low just above €8, bringing the YTD loss to 50%.

In what appears to be the latest in a string of financial crimes and scandals that have generated some $18 billion in fines since the financial crisis, prosecutors are investigating whether two employees in the bank’s wealth management division helped clients set up accounts in offshore tax havens, including the British Virgin Islands, and possibly allowed criminals to move money through these shelters, some of which may have flowed through accounts at the bank (other employees may also have been involved, prosecutors said). According to Frankfurt prosecutors, the investigation, which stems from revelations contained in the ‘Panama Papers’, covers behavior that stretched through this year, meaning that it could become a blemish on the performance of the bank’s newly-installed CEO Christian Sewing.

Before becoming CEO, Sewing was responsible for the bank’s wealth management division as head of its retail bank, a position he held from 2015 to when he was offered the CEO job in April.

According to the Financial Times the illicit transactions that two DB wealth management employees neglected to flag in 2016 alone stood at €311 million ($353 million), but people familiar with the case is almost certainly much larger, given that the suspicious activity continued for five years. The activity under investigation allegedly began in 2013.

As the raids continue, more details about the bank’s alleged misconduct are trickling out. According to the Financial Times, the DB unit that’s emerged as the focus of the investigation is a 100% owned subsidiary of DB that has been operating since 2010.

The Deutsche unit at the core of the case is called Regula Limited, domiciled in Road Town on the British Virgin Islands, a person familiar with the matter told the Financial Times, confirming a report by German daily “Süddeutsche Zeitung,” which was one of the newspapers that led the reporting about the “Panama Papers” in 2016.

Regula has been listed as a 100 per cent-owned subsidiary in Deutsche Bank’s annual reports since 2010 and is classified as an “other enterprise” in its most recent annual report. Deutsche sold the entity in March 2018, according to the person.

DB has insisted that it had provided prosecutors with all the materials they had requested as part of their investigation, and that the bank was surprised by the raids.

But if there’s anything DB watchers should take away from the second day of raids, it’s that prosecutors raided the office of DB board member and head of compliance Sylvie Matherat. This follows reports earlier in the week that Matherat and another DB executive were on the verge of being pushed out. Matherat generated headlines last year when she spoke out in an interview last year about the difficulty in improving the bank’s fragmented compliance systems (in addition to Matherat, the offices of four other executives were also raided).

Matherat has told associates she might need to prepare to leave the bank, and has expressed unhappiness with what she described to some associates as constraints to improving financial-crime controls and mending Deutsche Bank’s relationships with regulators, some of the people say.

Matherat has told associates she might need to prepare to leave the bank, and has expressed unhappiness with what she described to some associates as constraints to improving financial-crime controls and mending Deutsche Bank’s relationships with regulators, some of the people say.

Given the deeply involved nature of the investigation, it’s increasingly likely that the bank will need a scapegoat: Will it be Matherat?

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About cindyloucbp

Cynthia is the typical Pisces! Her left brain activities include scientific activities in the hospital laboratory as a manager. Her right-brain activites show as a painter, photographer and musician. She is known as the scientitst who sings!
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One Response to Deutsche Bank Raided by 170 Police Officers in 5 Locations [videos] ~ November 30, 2018

  1. Eliza Ayres says:

    Reblogged this on Blue Dragon Journal.

    Like

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