Deutsche Bank Bomb Latest

Postal Package Bomb

Here's an update on the incident involving the bomb that was discovered in a package addressed to Deutsche Bank CEO Josef Ackermann Wednesday.

Reuters is now reporting that the suspicious envelope, which was mailed to Ackermann at Deutsche's Frankfurt HQ, appears to have been 'homemade'.

The news agency quotes a Frankfurt police spokesperson, who said: 'What we had here was a powder, which indicates that we're not dealing with commercial or military explosives. It could be something homemade, for instance made out of fireworks'. The envelope is also thought to have contained shrapnel.

The package itself was X-rayed in the bank's Frankfurt mailroom and handed over unopened to authorities as soon as the suspicious contents were discovered. The return address was the European Central Bank - clearly a ploy to convince bank employees that it was important enough to be placed on Ackermann's desk.

Following the discovery of the bomb, The New York Police Department increased security at the bank's US HQ at 60 Wall Street, and the FBI has been in contact with Frankfurt authorities to ascertain whether there was any potential threat to New York employees. At this stage, there appears to be no danger.

This episode is particularly worrying for Deutsche Bank, given that Alfred Herrhausen, the bank's Chairman, was assassinated by a roadside bomb in 1989, as he was being chauffeured to work in his armoured Mercedes Benz. Although no-one was ever charged with his murder, a Red Army faction is thought to have been responsible.

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