Tag Archives: Deutsche Bank

Walker. (Courtesy)

King & Spalding Lands Former Top Bank Lawyer in NY

King & Spalding Lands Former Top Bank Lawyer in NY

Richard Walker, who departed as general counsel of Deutsche Bank last year, has joined King & Spalding as a partner in New York, as the Atlanta-based firm continues to grow. Last year, the firm surpassed the 1,000-lawyer headcount mark, and has opened 15 offices since 2008 including a Chicago office earlier this year. At the

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Litigation Said to Create Surprise Windfall For Deutsche Bank

By Eyk Henning and Steven Arons, Bloomberg News Deutsche Bank AG’s legal issues haven’t all been one-way traffic. The German lender, which has posted two consecutive annual losses amid rising misconduct fines, booked a surprise windfall of more than 100 million euros ($117 million) in the first half related to an out-of-court settlement with a former

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Deutsche Bank Won’t Disclose Trump Dealings Citing Privacy

By Steven Arons and Andy Sharp, Bloomberg News Deutsche Bank AG said it can’t comply with a request to hand over information related to its relationship with Donald Trump and trades from the bank’s Moscow operation as political opponents seek to probe the U.S. President’s links with Russia. The lender is required by law to

Deutsche Bank AG logo reflected in a neighboring building's windows in Frankfurt, Germany. Photographer: Alex Kraus/Bloomberg

SEC Said to Plan No Action on Deutsche Bank Mortgage-Bond Losses

By Matt Scully, Bloomberg News The U.S. Securities and Exchange Commission isn’t planning to bring an enforcement action tied to Deutsche Bank AG’s losing nearly $550 million on mortgage-bond trades, after the lender’s own probe found no evidence of wrongdoing, according to people with knowledge of the findings. A whistle-blower had told the SEC that a former

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Is Deutsche Bank’s Refusal to Pay Junior Lawyers Misguided?

Talk of the morning came out of the U.K., when Legal Week reported that Deutsche Bank will stop paying its outside law firms for work performed by newly qualified lawyers and trainees. “The decision, which will apply to firms appointed as a result of Deutsche’s current panel review, represents a first major move by a

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Deutsche Bank Now Has — Count ’Em — Five Outside Monitors

By Greg Farrell, Bloomberg News Banks that settle government investigations often receive an outside monitor to ensure that they make good on their promises to reform. Deutsche Bank AG now has five. To resolve the Justice Department’s investigation over its mortgage-backed securities business, the bank agreed Tuesday to a $7.2 billion penalty, more than half

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Deutsche Bank Investors Fret Its Legal Reserves Won’t Be Enough

By Jan-Henrik Foerster, Bloomberg News Deutsche Bank AG is moving closer to settling one of its biggest legal cases. How it manages to pay will depend on whether it can persuade the U.S. to lower its initial request of $14 billion, and by how much. The shares of Germany’s biggest bank plunged on news the Department

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Whistleblower Decries Revolving Door between SEC and Deutsche Bank

A former Deutsche Bank risk officer who is refusing to take a Securities and Exchange Commission whistleblower award worth more than $8 million is raising a stink about the lawyers in the case. In an op-ed in the Financial Times on Friday, the whistleblower Eric Ben-Artzi said he is refusing the money out of concerns about the “revolving

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This Top Deutsche Bank Lawyer is Coming Out of Retirement

Joseph Polizzotto is coming out of retirement to take a senior leadership role at one of the country’s biggest legal outsourcing companies. If you don’t know the name, Polizzotto ran Deutsche Bank Americas as its general counsel from March 2009 to June 2014, when he handed off the reins to Michael Chepiga, a longtime litigator of

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Deutsche Bank Board Erupts Into Conflict Over Legal Expenses

By Nicholas Comfort and Ambereen Choudhury, Bloomberg News Deutsche Bank AG’s mounting legal costs led to open conflict on the supervisory board, with the deputy chairman publicly criticizing another member, Georg Thoma, of going too far in probing potential wrongdoing. “Thoma increasingly faces criticism for his overzealousness and judicial self-fulfillment,” Alfred Herling, a labor representative on the 20-member