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Deutsche Bank FCPA and Fraud Spoofing Settlement: A Review of Deutsche Bank Conduct (Part II of II) | Michael Volkov

To embed, copy and paste the code into your website or blog: Deutsche Bank’s ethics and compliance function faces numerous challenges.  Deutsche Bank has a storied record of scandals, government enforcement actions and failures to abide by prior deferred prosecution agreements (DPAs).  When you review these matters, Deutsche Bank’s track record reflects serious culture and control deficiencies, including participation of high-level executives in bribery schemes.  Deutsche Bank’s continuing legal and compliance failures are likely to continue unless and until there is a serious change in management and a new message of ethics and compliance. Deutsche Bank’s bribery scheme involving Business Development Consultants (BDCs) represents a classic third-party bribery scheme as a means to funnel illegal bribes to government officials.  BDCs were reviewed and approved by high-level management at the bank. 

2:00PM Water Cooler 1/26/2021 | naked capitalism

Bird Song of the Day At the suggestion of SomeGuyinAZ, the White-throated Sparrow. #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. Nate SIlver makes the same call [lambert preens]: Interesting chart: We re now vaccinating more people (1st doses) than there are new infections. However, caseloads are still VERY high (higher than at any point pre-November).https://t.co/Qxu8rSPoV1pic.twitter.com/UU3F0B5Szq But see caveats below! Lambert here: Well, I said “If these declines continue through the end of the week, I’m gonna have to conclude we’re looking at a genuine fall in the numbers not the current narrative, I might add and that we are not looking at a reporting effect from the long weekend.” So I have to conclude we’re looking at a genuine fall in the numbers.

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