The Times reports that Deutsche bank has been accused of witholding e-mails from US regulators investigating claims of biased stock research practices.
The German bank is one of 12 firms currently being investigated by US regulators in connection with a conflict-of-interest probe. Investigators are examining hundreds of thousands of documents provided by the firms, including several thousand e-mails. The newspaper quotes an unnamed source who is said to be 'close to the investigation' who claims that Deutsche has not been 'as forthcoming with e-mails as they might'.
It is believed that investigators have established that there are gaps in e-mail exchanges between certain key analysts which appear to deal with potential conflict issues.
Deutsche Bank has not commented on the story.