- The UK regulator Serious Fraud Office (SFO) has apparently, according to a media report of investigations against the German Bank AG (ISIN DE0005140008 / WKN 514000) is initiated.
According to a report in the "Financial Times" (Monday), the SFO is currently examining whether deals and transactions of various banks, including Deutsche Bank, to customers in Great Britain knowingly presented false and fraudulent ways were. According to industry newspaper, the SFO was concentrated in the past two years primarily on transactions with so-called asset-backed securities. After the collapse of U.S. real estate bubble had many investors who had acquired with repayments of mortgage loans backed financial derivatives, some suffered heavy losses. In addition to Deutsche Bank, the SFO determined according to the report, among other things against the U.S. bank Goldman Sachs Group Inc. (ISIN US38141G1040 / WKN 920 332).
At this point, the British regulatory agency had still not taken any formal investigation against a bank, this could change, however, should succeed the authority to appoint insiders of the banks as a witness, who would be willing to testify about the fraudulent practices of the banks. In their investigation, the SFO is working together with the UK Financial Services Authority Financial Services Authority.
The share of Deutsche Bank is currently trading with a loss of 5.32 percent to 24.64 euros. (05.09.2011/ac/n/d)
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