Deutsche Bank AG, the world’s top manager of foreign-currency debt sales, fell in South Korea’s rankings of bond-sale managers following indictments of four employees and a six-month ban on its securities unit.
Ma Sin-chi, a Deutsche Bank AG managing director in Hong Kong, was charged with accepting HK$24.8 million ($3.2 million) in bribes in exchange for advice on the trading of derivative warrants issued by the bank.
Thailand’s central bank dropped Deutsche Bank AG from its list of primary dealers for repurchase agreements in May, limiting the lender’s scope to trade government bonds in Southeast Asia’s second-largest economy.
Deutsche Bank AG , Germany’s biggest bank, said two warrants traders were arrested in Hong Kong amid an investigation by the city’s Independent Commission Against Corruption into alleged bribery related to fraudulent trading.
Jerome Kerviel was sentenced to three years in prison and ordered to repay Societe Generale SA ’s 4.9 billion-euro ($6.8 billion) trading loss by a judge who said the former trader’s actions threatened the bank’s existence.
Huaxia Bank Co.’s Pretty Lady credit card, co-issued with Deutsche Bank AG, entices women with triple points for cosmetics and fitness-club memberships. The Ms. Magic card from China Citic Bank Corp. dotted with Swarovski crystals offers free beauty treatments and health insurance.
Bank of America Corp., the biggest U.S. lender, has made a preliminary offer to bond insurer MBIA Inc. aimed at settling a legal dispute tied to defective mortgages, according to two people briefed on the discussions.