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Deutsche Bank tax probe may be fault of IBM

Deutsche Bank - External

Deutsche Bank's failure to turn over e-mails in a tax probe that led to the arrest last year of five employees may have been caused by errors at International Business Machines, which managed the bank’s data storage.

C Suisse accused of defrauding investors

Pointing The Finger

Credit Suisse defrauded investors of more than $1bn by misrepresenting the risks of its residential mortgage-backed securities, acting New Jersey Attorney General John J. Hoffman said in an interview.



Deutsche Bank - Foyer Bridge

People News: Deutsche Bank

Ashok Aram, who heads Deutsche Bank in the Middle East and Africa, will expand his role to take charge of Europe as the bank reduces its global coverage to five regions from seven.

Barclays Canary Wharf

Barclays appoints new Deputy Chairman

Barclays have announced that Sir Gerry Grimstone has been appointed as their non-executive Director with effect from 1 January 2016 and will succeed Sir Michael Rake as Senior Independent Director and Deputy Chairman with effect from 1 January 2016.