Deutsche Bank’s Top “Crime Fighter” Quits After Only Six Months At The Job

Jon Alternative Media, Banking, Blogosphere, Economy, Market Commentary

It will probably not come as a big surprise that the head of Deutsche Bank’s global anti-financial crime unit, a post also known as the bank’s top “crime fighter”, plans to leave that position after just six months at the bank, and will be replaced as soon as next week, Germany’s Manager Magazin first reported.
Peter Hazlewood, who joined Deutsche Bank to oversee anticrime compliance as recently as July 2016, could stay at the German lender in a different position, but that hasn’t been determined, the WSJ reports.
Considering the ongoing barrage of civil and criminal accusations lobbed relentless at the German lender, which over the past few years has been accused of manipulating and rigging virtually every market, culminating with the recent RMBS settlements with the DOJ which briefly sent its stock price to all time lows amid concerns of bank failure in late 2016, it is perhaps more surprising that he lasted as long as he did.

This post was published at Zero Hedge on Jan 4, 2017.