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 <3

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?