View the 2015 Corruption Perceptions Index results While a handful of countries in Europe and Central Asia have improved this year, the general picture across this vast region is one of stagnation. Governments are willing to pass laws addressing corruption, yet enforcing them is a very different matter. Very worrying is the marked deterioration in […]
Germany’s biggest bank, Deutsche Bank has agreed to pay a record US$2.5 billion in fines to US and UK authorities after one of its subsidiaries pleaded guilty to wire fraud for its role in manipulating LIBOR. This is more than your everyday bank scandal: LIBOR has an impact on millions of people, if not billions […]
Elisabeth Kahler and Christian Humborg work with Transparency Germany and prepared the launch of “universitywatch”. Berlin: Until 2011 Deutsche Bank funded two endowed chairs, one at the Institute for Applied Financial Mathematics at the Humboldt University Berlin and one at the Technical University Berlin. The steering committee named to appoint the chairs represented both sides […]
After four years of economic crisis and financial scandal, finally some good news. Eighty-five per cent of bank employees surveyed believe that their companies have an ethical duty to fight corruption. That is a finding from our survey of 3,000 businesspeople in 30 countries: Putting Corruption out of Business (see what businesspeople from other sectors […]
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