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German regulator says Deutsche Bank CEO Anshu Jain misled Bundesbank: report

Deutsche Bank says it disputes the allegation that Jain misled the central bank

Reuters  |  Frankfurt 

Deutsche Bank’s co-chief executive, Anshu Jain, might have “knowingly made inaccurate statements” to Bundesbank, Germany’s central bank, during investigations into manipulation of the inter-bank rate setting process, the Financial Times reported online, citing a confidential report from German regulator BaFin. BaFin declined to comment on the matter. Deutsche Bank told Reuters it disputed the allegation that Anshu Jain had misled Bundesbank. Earlier this month, a source told Reuters that Germany’s financial watchdog, BaFin, heavily criticised Deutsche ...

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First Published: Sat, June 27 2015. 23:45 IST