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German Regulators Probe Deutsche Bank AG Accounts-Reuters


Thursday, 4 Apr 2013 04:59am EDT 

Reuters reported that Germany's Bundesbank and financial watchdog Bafin are conducting an in-depth probe of Deutsche Bank AG's accounts over allegations that it failed to correctly value a derivatives portfolio. Germany's central bank was reacting to accusations that Deutsche Bank had incorrectly valued credit derivatives from 2007 through 2010, allowing it to hide as much as $12 billion in losses. The probe would include trips to New York to meet the people who had made the allegations. But the investigators have not been there yet. The Bundesbank said it could not provide information on measures that affect individual institutions.