(Bloomberg) -- French regulators are examining
whether Deutsche Bank AG enabled hedge funds to trade on inside
information, destroying tapes and failing to keep written records
of phone conversations when lining up buyers for a 2002 Vivendi
Universal SA securities sale.
This is the fourth time since April 2006 that European
regulators have targeted Germany's biggest bank for allegedly
breaking securities rules that led to market manipulation or
allowed hedge funds to engage in insider trading. The company was
fined a year ago by U.K. regulators for misleading investors
about a stock offering. French officials accused Frankfurt-based
Deutsche Bank in January of improperly leaking information about
a securities sale and two months later Spanish regulators made
similar allegations.
Read more at Bloomberg Bonds News
whether Deutsche Bank AG enabled hedge funds to trade on inside
information, destroying tapes and failing to keep written records
of phone conversations when lining up buyers for a 2002 Vivendi
Universal SA securities sale.
This is the fourth time since April 2006 that European
regulators have targeted Germany's biggest bank for allegedly
breaking securities rules that led to market manipulation or
allowed hedge funds to engage in insider trading. The company was
fined a year ago by U.K. regulators for misleading investors
about a stock offering. French officials accused Frankfurt-based
Deutsche Bank in January of improperly leaking information about
a securities sale and two months later Spanish regulators made
similar allegations.
Read more at Bloomberg Bonds News
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