Sunday, October 26, 2014   

Deutsche Bank suspends sales chief in forex inquiry
(04-10 18:37)

Deutsche Bank, Germany's biggest lender, has suspended a top saleswoman in an investigation into suspected foreign exchange rate manipulation, the Wall Street Journal reported.
The newspaper said that the director of sales at Deutsche Bank in London was placed on leave last month after the German bank found what it regarded to be inappropriate communication between her and the central bank of Singapore.
Responding to the report, a Deutsche Bank spokeswoman said: “Deutsche Bank has received requests for information from regulatory authorities that are investigating trading in the foreign exchange market.
“The bank is cooperating with those investigations, and will take disciplinary action with regards to individuals if merited.''
The Monetary Authority of Singapore said: “MAS has been in contact with foreign regulators and stands ready to assist in the forex investigations. We have been in touch with financial institutions, including Deutsche Bank, on these investigations. MAS is looking into all allegations of inappropriate behavior.'' –AFP

   
Other Business breaking news:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.