Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids

German officials raid Deutsche Bank's DWS over 'greenwashing' claims

The new logo of Deutsche Bank’s DWS Asset Management is pictured at their headquarters in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register DWS investigated over alleged greenwashing Prosecutors raided DWS and Deutsche Bank on Tuesday DWS shares down 24% since August last year Whistleblower says more … Read more

German officials raid Deutsche Bank’s DWS over ‘greenwashing’ claims

German officials raid Deutsche Bank's DWS over 'greenwashing' claims

BERLIN, May 31 (Reuters) – German prosecutors raided asset manager DWS (DWSG.DE) and the headquarters of its majority owner Deutsche Bank (DBKGn.DE) on Tuesday over allegations of misleading investors about “green” investments, the prosecutors said. DWS and Deutsche Bank said the asset manager had cooperated with regulators and authorities in the past and would continue … Read more

Allianz to pay $6 billion in US fraud case, fund manager charged

Allianz to pay $6 billion in US fraud case, fund manager charged

NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its US asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and US Securities and … Read more