The largest bank in Germany and one of the main of Europe, the Deutsche yesterday issued full page advertisements in several newspapers in your country to apologize for the "errors" committed. "Since I took over as chairman of Deutsche Bank a year ago and a half, we have had to allocate about 5,000 million euros (5,400 million usd) in legal disputes", he admitted to his head, the british John Cryan. "These failures cost the bank is not only a lot of money, but also reputation and trust. We want to apologize for it. Committed serious errors".
More errors, the Deutsche incurred in illegal practices very common among banks of its size, but no less criminal. The entity recently reached an agreement with the authorities of the united States by the business that made with sub-prime mortgages u.s. before the financial crisis of 2008. Also paid fines in the united States and the United Kingdom due to a scandal of money-laundering, and by the deliberate manipulation of the value of the Libor rate, a reference in the foreign exchange markets. These scandals court had a direct impact on your business, leading to the company’s stock to suffer its biggest historic drop in the Stock market.
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