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Because of its potential involvement in Danske Bank's billions of dollars of money laundering, Deutsche Bank's pressure is on key executives. Two Reuters insiders confirmed on Wednesday that criticism of Sylvie Matherat, head of regulation and compliance, and US chief executive, Tom Patrick, has recently escalated.
In the short term, we do not expect Matherat to go. On the other hand, Patrick's job, which is responsible for the bank's poor reputation vis-à-vis the US authorities, shook his head, alarmed. "It may be that the momentum is getting stronger this year," said one of the people who did not wish to be named. The Supervisory Board will meet again next December. Deutsche Bank would not comment on this.
Until a few years ago, Deutsche Bank was working as a correspondent bank for the Danske Bank, occupying payments on behalf of the Danes. In the context of the money laundering scandal, it amounted to around 150 billion euros. Matherat had stated a few days ago that the largest German money house that Danske Bank's customers ignore and need to be examined and that she therefore is not jointly responsible for the money laundering cases. d & # 39; money. This attitude is disputed among legal experts. As one insider told Reuters, Matherat's statements at a conference in Frankfurt were not well received by all members of the bank. It is clear that Deutsche Bank ended the customer relationship with Danske in 2015 after the increase in suspicion.
The Wall Street Journal reported late Tuesday late, quoting insiders, Deutsche Bank is now thinking of replacing Matherat and Patrick. Both had already stated in a conversation with close badociates that it was quite possible that they would soon no longer work for the institute. Wednesday, Matherat was not yet on the list of priorities of CEO Christian Sewing. Patrick, however, whose American unit has repeatedly battled the critics of the supervisors and again posted bad testimony during the US Federal Reserve's resistance test, should probably go away.
Sewing has partially repressed the high-level staff since it took office in early April. Kim Hammonds, IT manager, and Nicoals Moreau, head of badet management, have had to withdraw. Matherat is also considered at least since September, after financial supervision, BaFin, set up a supervisory body at the bank, because the authority was not satisfied with the money laundering controls. In addition, the head of prevention of money laundering, Philippe Vollot, left the Frankfurt Institute and has just been hired at Danske Bank. The Matherat contract runs according to Deutsche Bank until 2023. According to one insider, she would have internal rumors that she was already looking for a new job, vehemently rejected.
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Source: Ralph Orlowski / Reuters
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