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BaFin, the German bank supervisor, reportedly attended audit committee meetings at Deutsche Bank...

BaFin, the German bank supervisor, reportedly attended audit committee meetings at Deutsche Bank (DB) during 2008-09, when the firm failed to recognize up to $12B of trading losses that could have forced it to seek a bailout. News that BaFin may have known about the valuations could spark tensions with the SEC and make it more difficult for the U.S. agency to bring a case against Deutsche Bank.
Comments (2)
  • That's OK. Don't worry about tensions The person in charge of legal compliance at Deutsche bank at that time is now the head of SEC enforcement.One big happy family. I vote for John Corzine as new treasury secretary. They just recycle these people
    7 Dec 2012, 06:01 AM Reply Like
  • The only reason Merkel keeps approving the Greek bailouts is because 1/2 flows back to Douche Bank
    7 Dec 2012, 01:06 PM Reply Like
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