Deutsche Bank AG lost about 26 junior bankers in Hong Kong over the past four months, the biggest number of such departures from the firm in Asia in at least five years, two people with knowledge of the matter said.
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.
The Philadelphia City Council failed to schedule hearings on the proposed $1.86 billion sale of its natural gas utility to UIL Holdings Corp., threatening a deal that promises to prop up the city’s pension fund.