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Glitch risk

Deutsche's Russia and IT problems could be linked

Dominic Elliott 

Dominic Elliott Deutsche Bank's systems are under scrutiny - in more ways than one. Regulators are looking ever more closely at $6 billion-plus of potentially sanctions-busting trades undertaken by Germany's biggest bank by assets, the Financial Times reported on October 25. A day later, the same paper said Deutsche boss John Cryan would start over with the bank's IT systems. The two issues could be related. The fear for Deutsche investors is that the bank may have allowed blacklisted Russian oligarchs to evade US sanctions by buying equity or equity-related instruments in roubles through ...

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First Published: Tue, October 27 2015. 21:15 IST