Wachovia, Deutsche Bank Employees Targeted in Probe
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A senior Deutsche Bank AG banker and employees at two other firms were notified by the U.S. Justice Department that they are targets in a municipal bid-rigging probe.
Patrick Marsh, head of municipal structuring at Deutsche Bank, Germany's biggest bank, disclosed in employment records filed with U.S. regulators that he is a target of the criminal antitrust investigation. Wachovia Corp. and Piper Jaffray Cos. also disclosed in regulatory filings today that they had employees targeted in the investigation.