Deutsche Bank CEO Christian Sewing
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Deutsche Bank CEO Christian Sewing & Management Forgo 2023 Bonus of $79,000 for United States Investigation of Using Messaging Apps such as Whatsapp with No Archive

25th June 2022 | Hong Kong

Deutsche Bank CEO Christian Sewing & Deutsche Bank senior management team are forgoing 2023 bonus of $79,000 (€75,000) each for United States authorities investigation into using messaging apps such as Whatsapp with no archive (Messaging History) to communicate with clients.  In June 2022, HSBC fired a London-based Foreign Exchange (FX) trader while Credit Suisse has fired Anthony Kontoleon (Global Head of Equity Capital Markets Syndicate) based in New York for using unauthorised messaging channels & whatsapp to communicate with clients.  In December 2021, the United States Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) fined JP Morgan a total of $200 million for failing to prevent employees from using unapproved communication channels such as messaging apps, text messages and WhatsApp. The United States Securities and Exchange Commission (SEC) fined JP Morgan $125 million and the Commodity Futures Trading Commission (CFTC) fined JP Morgan $75 million.

“ Deutsche Bank CEO Christian Sewing & Management Forgo 2023 Bonus of $79,000 for United States Investigation of Using Messaging Apps such as Whatsapp with No Archive “

 

Deutsche Bank CEO Christian Sewing

Deutsche Bank CEO Christian Sewing 3
Deutsche Bank CEO Christian Sewing











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