Compendium
Jun 11, 2024At the Global Banking Summit in November 2023, Deutsche Bank CEO Christian Sewing claimed that banking culture had significantly improved since the Global Financial Crisis, stating that most bank CEOs now prioritize long-term stable income. Sewing advocated for the EU to lift the cap on bankers' bonuses, arguing that the risk culture in banks had changed.
Observations
Oct 20, 2022Earlier this week, police raided Deutsche Bank's Frankfurt headquarters and the homes of ten current and former employees in connection to the "cum-ex" tax fraud scandal. This is the second time the bank has been raided over the scheme, which cost European governments billions in tax revenues.
