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Deutsche probes alleged mis-selling of investment banking products – Financial Times

Investigation at German lender was triggered by client complaints last year



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Deutsche Bank is investigating whether its staff mis-sold sophisticated investment banking products to clients in breach of EU rules and then colluded with individuals within these companies to share the profits.
The internal probe — codenamed Project Teal — was triggered by client complaints last year, according to people familiar with the process. It initially focused on a desk in Spain, which sells hedges, swaps, derivatives and other complex financial products.
The audit found that Deutsche…

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