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Deutsche Bank s FX Deals Hit Spanish Tycoon s Hotel Chain
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Deutsche Bank pays Spanish wine company $12m for mis-selling forex derivatives
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Deutsche Bank compensates Spanish winemaker over forex mis-selling
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FILE PHOTO: The headquarters of Germany s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo
(Reuters) - Deutsche Bank AG said on Sunday it began a probe in relation to engagement with some clients after the Financial Times reported earlier that the German lender was investigating the alleged mis-selling of investment banking products.
“We initiated an investigation in relation to our engagement with a limited number of clients. We cannot comment on details of the investigation until it is complete”, a Deutsche Bank spokesman said in an emailed statement late on Sunday.
The Financial Times reported that the lender was probing if its staff mis-sold sophisticated investment banking products to clients in breach of European Union rules and then colluded with individuals within these companies to share the profits.