Deutsche settles in Chinese, Russian hiring case

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By Jasper Cox
23 Aug 2019

The Securities and Exchange Commission has accused Deutsche Bank of hiring relatives of executives of state-owned enterprises (SOEs) in the Asia Pacific and Russia, in order to win business from those entities.

Deutsche is paying $16.2m to US authorities as a settlement but does not admit to or deny the SEC’s claims.

The SEC said on Thursday that between at least 2006 and 2014 Deutsche hired relatives of government officials in different parts of the world as a personal ...

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