Deutsche Bank raided in Franfurt Germany

[mtb_rex]

What do you make of this? Made in response to Panama Papers.

Deutsche Bank offices raided in money laundering probe

“Police walks in front of Deutsche Bank headquarters as roughly 170 criminal police officers, prosecutors and tax inspectors searched Deutsche Bank offices in and around Frankfurt, Germany”

That’s not a small raid…

[mlawson71]

The downfall of Deutsche Bank has been fascinating to observe.

[mtb_rex]

Interesting article if you have the time. Not sure about it’s accuracy, but looking to the past often provides some insight into why we are where we are today.

The Deutsche Bank Downfall: How a Pillar of German Banking Lost Its Way -...

[mlawson71]

I’ll find the time. I am curious how all this happened.
Deutsche Bank used to have such a good reputation, now everyone associate it without various shady deals. How the mighty have fallen.

[mtb_rex]

8 separate article in the series. Interesting read.

[sebastiano]

Oh ouch, a big hit for the reputation of Deutsche Bank. This Panama Papers case is getting more and more twisted. But, honestly I’m not surprised that most of the major banks are or will be involved in such corrupted schemes. Everyone are trying to avoid taxes.

[mlawson71]

Their reputation has been going down the drain for a while, sadly. And it just gets worse.

[mtb_rex]

A bit from the DB CFO on how the current board and execs weren’t/aren’t involved, although some of the naughtiness is claimed to have happened in 2018.

Police raids were not the fault of Deutsche Bank management, CFO says

[sebastiano]

@mlawson71 I don’t think that it’s a sad situation, honestly. If they are corrupt, they should be exposed. All of them, one by one…

[mlawson71]

My disappointment makes me sad, but you are right, the situation itself is not sad.

[sebastiano]

@mlawson71 don’t be disappointed, I’m sure it’s for the best. After all, these corrupt banks and institutions need to be busted sooner or later. They can’t hide forever and think that they can get away with it.

[mlawson71]

@mlawson71 don’t be disappointed, I’m sure it’s for the best. After all, these corrupt banks and institutions need to be busted sooner or later. They can’t hide forever and think that they can get away with it.

You’re absolutely right about that. I just hope that being exposed will lead to a positive change, rather than them just laying low for a while until the media storm dies down and then continuing as before.