All posts tagged "Deutsche Bank"

A former Deutsche Bank AG wealth manager connected to Jeffrey Epstein has exited a financial services firm amid questions over why he stepped down, according to a Bloomberg report on Tuesday.

Stewart Oldfield left Third Lake Associates, a financial advisory and broker-deal firm that managed real estate deals, at the end of April, Bloomberg reported. Regulatory filings reveal he was serving as chief executive officer and had been with the company for about two years, "making it one of the shorter employment periods in his more than two-decade finance career, filings show."

Oldfield was identified in the Epstein files released by the Department of Justice, which revealed Deutsche Bank's ties to wealthy people connected to the late financier and convicted child sex offender....

Deutsche Bank made more than $6.8 million off the Trump Organization in a single year, an executive reportedly testified at Donald Trump’s civil fraud trial Wednesday.

Managing Director Rosemary Vrablic took the stand in Trump’s $250 million fraud trial to present evidence that her bank profited from its business relationship with his company in the 2010s, according to an ABC News report.

"Your family is in the top 10 revenue generating names of Asset and Wealth Management now,” Vrabic wrote in a 2014 email to Trump's daughter Ivanka, according to the report. ...

An executive from Donald Trump’s primary bank testified Tuesday that it’s impossible to know how much the former president is worth, according to a new report.

Trump’s lawyers asked Deutsche Bank managing director Dave Williams if he could calculate the former president’s exact worth in the courtroom where former president faces a $250 million civil fraud trial, ABC News reports.

"I don't believe that is possible," Williams replied. "I think an individual's net worth as reported is largely subjective.”...

Deutsche Bank has agreed to pay $75 million to settle a class-action lawsuit alleging it assisted Jeffrey Epstein’s sex-trafficking ring, The Wall Street Journal reports.

The lawsuit was filed on behalf of a Jane Doe last year and it named herself and other accusers.

Deutsche Bank was accused of conducting regular business transactions with the disgraced financier for five years while it knew that he was using funds in his accounts to advance his sex-trafficking activity....

Across the world, bankers are plummeting to their deaths.