www.marketwatch.com
In 2019, Deutsche Bank CEO Christian Sewing faced a major ethical and business dilemma involving a U.S. Treasury analyst and a key client. An internal report criticized the bank’s U.S. rates team for prioritizing the needs of a major hedge fund client over the U.S. Treasury’s, specifically regarding a bond issuance. While some executives urged Sewing to defend his analysis team, he ultimately decided to apologize directly to the U.S. government, prioritizing the bank’s vital relationship with its most significant client over the reputations of his staff.
Read More
