Deutsche suspends salesperson for alleged inappropriate communication

Deutsche Bank - Foyer Bridge

Deutsche Bank put a London-based currency saleswoman on leave last month for an alleged inappropriate communication with the Monetary Authority of Singapore, a person familiar with the matter said.

Bloomberg reports that no details on the communication that caused Kai Lew to be placed on leave were disclosed by the person, who asked not to be identified because the matter is private.

Deutsche Bank had received requests for information from regulators investigating currency trading and is cooperating with the probes, the bank said in a statement.

Deutsche Bank 'will take disciplinary action with regards to individuals if merited', the bank said. The statement didn’t name any specific individuals or regulators.

To access the complete Bloomberg article hit the link below:

Deutsche Bank Said to Find Improper Communication in Staff Probe

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