Skip to content

Deutsche Bank Gets WhatsApp Information Request From Regulator

  • BaFin interest adds to regulatory challenges faced by Sewing
  • Deutsche among several big banks under scrutiny over messages
    

    

Photographer: Gabby Jones/Bloomberg

Deutsche Bank AG has been asked by one of its key supervisors to clarify how its staff use private messages for business purposes as regulators worldwide seek to curb the practice.

German financial watchdog BaFin is following up on indications that senior Deutsche Bank executives including management board members have been relying on messaging tools such as WhatsApp and private email accounts to conduct business, people familiar with the matter said. Bafin has asked the lender to provide information about how its employees use the communication methods to determine whether it has been in compliance with banking rules, the people said, asking not to be identified discussing the private matter.