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IPFS News Link • SEC-Securities Exchange Commission

The SEC Is Making Deutsche's CEO Personally Responsible For Bank's Crimes

• https://www.zerohedge.com by Tyler Durden

...and aiding countless oligarchs and criminals in their money laundering endeavors, among other transgressions. 

The bank has paid more than $20 billion in fines to various regulators around the world over the last 10 years, and as Wirecard blew up, it was revealed that the German fintech graud nearly swallowed up Deutsche in an attempt to disguise the massive hole in Wirecard's balance sheet.

The bank is also in the middle of the biggest bloodletting of a major financial institution since Lehman, with the bank expected to cut more than 20,000 jobs from its head count.

But on Sunday, Bloomberg published a story that caught our attention because it promised something so far in the post- (and pre-) financial crisis world: the notion that a megabank CEO might find themselves in silver bracelets if the bank gets caught laundering money for drug cartels, or ripping off pension funds, etc...


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