Christian Sewing: Handelsblatt I and London Managers

christian sewing: On the same day, we had to tell many colleagues in share trading that they had to leave, Christian Sewing told the German business daily Handelsblatt, according to The Guardian. I expect the two colleagues won't forget my call, he added, saying the London managers' behaviour in no way corresponds with our values . Quick guide What went wrong at Deutsche Bank Show Hide 1989-1999It embarks on a period of global expansion, beginning with the acquisition of merchant bank Morgan Grenfell in the UK and other European markets such as Spain, where it buys Banco de Madrid. I can't understand that someone would call tailors to fit suits on Monday. It consolidates its US operations into one, in an effort to take on the big beasts of Wall Street such as Goldman Sachs, and in 1999 it builds on its US foothold by snapping up New York-based Bankers Trust for 10bn.2001Deutsche Bank floats on the New York Stock Exchange, cementing its position as one of the major players, not just on Wall Street but in global Bank becomes a leader in mortgage-backed securities, bundling up homeowners' debt into huge packages and selling them on to investors. The bank reports its first annual loss for five decades for the 2008 financial year, losing 3.9bn.2009An internal investigation finds that the bank hired private detectives to spy on people it considered a threat including a shareholder, a journalist and a member of the public. The bank continues to sell toxic mortgage-based investments even as the market turns south and it begins betting against such products itself. (news.financializer.com). As reported in the news.