US economy

ECB looking into governance issues of Deutsche Bank fund unit – source



© Reuters. FILE PHOTO: A euro sculpture is pictured in front of the headquarter of the European Central Bank (ECB) in Frankfurt, January 15, 2009. REUTERS/Kai Pfaffenbach

By Tom Sims and Frank Siebelt

FRANKFURT (Reuters) – The European Central Bank is looking into corporate governance issues surrounding the chief executive officer of Deutsche Bank (DE:)’s fund unit DWS, a person with knowledge of the matter said on Friday.

The ECB’s queries into governance practices at DWS come on top of separate investigations by the U.S. Securities and Exchange Commission as well as Germany’s financial regulator BaFin into allegations that DWS overstated how it used sustainable investing criteria to manage investments. DWS has denied those allegations.

DWS, Deutsche Bank and the ECB declined to comment on the ECB’s inquiry.

($1 = 0.8986 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.