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Deutsche forex mis-selling probe finds staff acted in ‘bad faith’ for years

Photo: Getty Images

Flaws in controls allowed employees to push clients into risky products that were lucrative for the bank.

12 February, 2023 by Olaf Storbeck in Frankfurt and Stephen Morris in London

A Deutsche Bank probe into the mis-selling of risky foreign exchange derivatives in Spain has found that staff acted disingenuously, exploited flaws in the bank’s controls and broke EU rules, according to people with knowledge of the report.

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