DB - Fed is said to chastise Deutsche Bank for compliance issues - Bloomberg

Deutsche Bank (DB) received private warnings from the Federal Reserve that its compliance programs aren't robust enough and may be falling short of promises it made in past agreements, Bloomberg reports, citing people familiar with the matter.A Deutsche Bank spokesman told Bloomberg's reporter that the company doesn't comment on communications with its regulators.Current CEO Christian Sewing was named the bank's CEO in 2018 to overhaul Germany's largest lender after years of scandals and losses.In January, the bank agreed to pay $100M for violating anti-bribery laws. Over the past 10 years, it also got caught up in the Danske Bank, 1MDB, and Libor-rigging scandals.In April, the company posted its strongest quarter in seven years.

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Fed is said to chastise Deutsche Bank for compliance issues - Bloomberg