Deustche Bank Can't Stop Uncovering (Alleged!) Wrongdoing By Employees

For once the bank would like to investigate a matter and conclude "Everybody's clean." Today is not that day.

Add the bank's most recent discovery-- which popped up in the midst of investigating a separate matter-- to the list.

Deutsche Bank AG’s internal probe into possible money laundering at its Russian unit has sparked an investigation into whether a senior employee took bribes, people with knowledge of the situation said. The bribery investigation is in its early stages, the people said, requesting anonymity because the matter is private. Unexplained funds were discovered in accounts controlled by the employee and the employee’s spouse, the people said. The people didn’t identify the employee. Deutsche Bank has now broadened its own probe to examine trading activities with 10 to 12 mainly Russian broker counterparties, the people said.

Deutsche Bank Said to Probe Senior Russia Employee Over Bribes [Bloomberg]

Related: Deutsche Bank Can’t Stop, Won’t Stop Paying Paying Legal Fees For Fraud