Russia Central Bank Alleges Deutsche Banker Manipulated Markets
Russia’s central bank alleged that a banker at Deutsche Bank’s Russian branch had manipulated markets by conducting 300 billion rubles ($4.87 billion) of trades with relatives over the span of two and a half years. The trades which were done during Jan 2013 & July 2015 generated a profit of 255 million rubles for the employee Yuri Khilov and three relatives.
“Russia’s central bank alleged that a banker at Deutsche Bank’s Russian branch had manipulated markets by conducting 300 billion rubles ($4.87 billion) of trades with relatives.”
The central bank has alleged that Khilov and relatives had manipulated trading on eight securities on Moscow Exchange. The findings are going to be an issue for the bank which recently cut back its investment banking in Russia.
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact firstname.lastname@example.org
- For Media-related enquiries, please contact email@example.com
- For Advertisement, please contact our official ad agency