Deutsche Bank staff probed over Saudi payments

Deutsche Bank paid $1.1m to secure the wealth management business of a senior Saudi royal, the Financial Times reported, citing an internal probe that led to two former staff being reported to criminal prosecutors. The money transfers were arranged in 2011 and 2012, along with other perks, including an internship and a seminar at a Swiss ski resort, according to the results of an international probe, seen by the Financial Times. The unnamed royal was a Deutsche wealth management client from 2010 to 2016, bringing up to €500m in assets. According FT, an internal investigation betwee...