Deutsche Bank broke its own rules in enabling tax fraud, internal probe finds ($)

Deutsche Bank staff broke regulatory rules and company policy to enable clients to siphon off millions of euros in government revenues, according to an internal investigation on its role in one of Europe’s biggest tax scandals. (…) According to the Freshfields probe, the subsequent trading activity violated the “spirit and purpose” of Deutsche’s internal rules, which were designed to limit the bank’s involvement in cum-ex trading — a goal that according to the probe was widely ignored.