Banks: Ex-Manager of Deutsche Bank admits theft of customer funds
A former team leader for wealthy customers had siphoned more than €600,000 from the institute's rich customers - past the bank's controls.
A former Deutsche Bank manager has admitted to transferring over €600,000 from wealthy clients' accounts to accounts he controlled between 2023 and 2025, citing financial difficulties. He claimed to have lost most of the money through stock market speculation. The bank discovered the transactions in 2025 during anti-money laundering checks, compensated the clients, and parted ways with the employee.
An investigation revealed that the former team leader for high-net-worth clients exploited lax internal controls, including collaborating with colleagues who failed to verify transactions despite exceeding standard limits.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
