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Plans call for debt restructuring; bids due in June

RIYADH: Deutsche Bank AG turned the blame on an ex-client for crippling losses it suffered investing in risky foreign exchange derivatives the German lender sold, Bloomberg reported. The bank said the Palladium Group was wrong to defend itself against the false sales allegations that lie at the heart of a 500 million euro ($565 million) lawsuit brought by the Spanish hotel

3 Min Read FILE PHOTO: The headquarters of Germany's Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo (Reuters) - Deutsche Bank AG said on Sunday it began a probe in relation to engagement with some clients after the Financial Times reported earlier that the German lender was investigating the alleged mis-selling of investment banking products. “We initiated an investigation in relation to our engagement with a limited number of clients. We cannot comment on details of the investigation until it is complete”, a Deutsche Bank spokesman...

(Bloomberg) -- Deutsche Bank is probing whether its staff sold investment banking products to clients that breached EU rules -- and then colluded with individuals to split the profits, the Financial Times reported, citing unidentified people.

Deutsche Bank Probing Sales of Investment Banking Products Bloomberg 1/25/2021 Dominic Lau, Lizette Chapman and Steven Arons (Bloomberg) -- Deutsche Bank AG is conducting an internal probe after receiving complaints that some bank employees sold risky investments to clients who didn’t properly understand them. Popular Searches “We initiated an investigation in relation to our engagement with a limited number of clients,” a bank spokesman said in a statement on Sunday, following a Financial Times report on the investigation. Deutsche Bank won’t comment further until i...