Deutsche Bank Haunted by Control Lapses as U.S. Warns of Breach
- Prosecutors examining potential violation of January agreement
- Bank failed to alert DOJ about complaint tied to DWS
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Deutsche Bank AG’s control lapses keep haunting Christian Sewing.
The Chief Executive Officer of Germany’s largest lender has spent his almost four years in the role trying to mend relations with regulators and restore a path to sustainable profitability. While he’s made progress on the latter, a slew of recent legal and regulatory headaches threaten to overshadow those achievements as he’s heading into the final year of his turnaround program.