German prosecutors said they searched Deutsche Bank AG's headquarters in Frankfurt Tuesday, widening an investigation related to a long-running legal battle to include a second member of the bank's management board….
The case centers around the collapse of Kirch Group in 2002 and allegations by the heirs of the media company's late founder, Leo Kirch, that Deutsche Bank contributed to its downfall.
Although the Kirch case itself was settled last month, prosecutors say they now are investigating bank employees and lawyers who have represented Deutsche Bank on suspicion that former and current board members gave false court testimony in the case….
Last week, the law firms Hengeler Mueller, in Frankfurt, and Gleiss Lutz, in Munich, were searched. Hengeler Mueller said prosecutors were investigating whether individual lawyers assisted executives in giving false testimony.
Germans’ Germaness Potentially Fatal For Banks With The German For ‘German’ In Their Name
And also all other non-national-territorially-named Teutonic banks.
Today’s Installment Of ‘Bad News At Deutsche Bank’
In fairness, a fine at the end of a U.S. criminal inquiry may actually be the best news the Germans have heard in months.
Brian Moynihan Would Like Some Of That German Bank Name Confusion Please
Deutsche Bank would be even more screwed if people weren’t so literal, and that's not fair.
Deutsche Bank, Citi Accused Of Being Savvy Enough To Form An Australian Banking Cartel
We don’t believe it, either.