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FACTBOX-Deutsche Bank's run-in with regulators
May 3, 2011 / 3:04 PM / 6 years ago

FACTBOX-Deutsche Bank's run-in with regulators

May 3 (Reuters) - The United States on Tuesday sued Deutsche Bank (DBKGn.DE), accusing the lender and its MortgageIT Inc unit of lying so it could be included in a federal programme to select mortgages to be insured by the government. [ID:nN03297824]

Here are details of some previous incidents when the bank has come under official scrutiny:

* April 29, 2011 - The European Commission said it was probing whether 16 major investment banks, including Deutsche Bank, colluded in operations in the credit defaults swaps market, which was already under scrutiny by U.S. authorities. [ID:nLDE73S0V4]

* April 15 - Deutsche said two of its traders were arrested in a Hong Kong bribery probe. The two were placed on leave by the bank. [ID:nLDE73E0NH]

* April 13 - A U.S. Senate report on the financial crisis criticised banks including Deutsche and Goldman Sachs (GS.N) for contributing to the “mortgage mess,” referring to the contamination of the financial system with toxic mortgages. [ID:nN13275638]

* March - Germany’s top appeals court ruled against Deutsche Bank in a 540,000 euro ($766,000) damages claim over interest rate swaps. The court said the bank had consciously tailored the risk profile of the product “to the detriment of the investor.” [ID:nLDE7161BB]

* February - South Korean regulators imposed a six-month trading suspension on Deutsche Bank’s local brokerage unit after ruling the bank had manipulated the stock market.[ID:nTOE71L035]

* 2010 - A 16.7 trillion yen ($182 billion) mistrade by Deutsche Bank roiled Japanese markets, prompting Japan’s Osaka Securities Exchange 8697.OJ to review its monitoring system. [ID:nLDE6510DP]

Reporting by Jonathan Gould and Edward Taylor

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