Deutsche Bank May Punish Staff for Personal Trade With Firm
- Bank: ‘transaction may have involved unacceptable conflicts’
- Auditors estimate staff gained about $37 million, person says
Shareholders arrive at Deutsche Bank's annual shareholder meeting on May 21, 2015 in Frankfurt, Germany.
Photographer: Thomas Lohnes/Getty imagesThis article is for subscribers only.
Deutsche Bank AG halted bonus payments to a group of employees while examining whether they improperly traded with the firm.
“We are reviewing a transaction that may have involved unacceptable conflicts of interest,” the Frankfurt-based company said in an e-mailed statement, without identifying past or present staff involved. “We will take disciplinary measures where appropriate and review further our controls to minimize the chance of a re-occurrence.”