Saturday, 17 May 2014

No swearing please, we are Deutsche Bank ....

Colin Fan, the co-head of the German lender's investment bank, said in a video to all his staff: "It's not OK to brag or to be vulgar or indiscreet. That will have severe consequences on your career. I've run out patience on this." He said "reputation is everything" and some staff were "still a long way from meeting" the bank's standards. Deutsche Bank is undergoing a shake-up following a series of scandals that has tarnished its reputation. Last year the German bank €725m in penalties for its involvement in the Libor rigging scandal, a key rate used to fix the cost of borrowing on mortgages, loans and derivatives worth more than $450 trillion (£288 trillion) globally.

The above from The Telegraph.

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