Deutsche Bank under fire in the US

Two separate reports published by the US central bank and the Senate on the 22 July 2014 criticised Deutsche Bank for having internal irregularities and for helping investment funds to avoid taxes.

The two probes are the latest in a series of scandals and legal disputes, notably fraud and rate fixing, which seriously dented the image of Germany's largest commercial bank and weighed on its profits.

• Primary Source

ESO: Background information: Fresh corruption scandal engulfs Deutsche Bank http://www.europeansources.info/record/fresh-corruption-scandal-engulfs-deutsche-bank/

The Guardian, 21.07.14: Hedge funds used 'dubious' means to bypass tax rules, senators say http://www.theguardian.com/business/2014/jul/21/barclays-deutsche-bank-tax-rules-report

The Washington Post, 21.07.14: Senate report: Barclays and Deutsche Bank helped hedge funds skirt $6 billion in taxes http://www.washingtonpost.com/business/economy/senate-report-barclays-and-deutsche-bank-helped-hedge-funds-skirt-6-billion-in-taxes/2014/07/21/d732664a-10e5-11e4-8936-26932bcfd6ed_story.html

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