Scandal in Deutsche Bank. Three former executives of the German banking giant have filed complaints with the US authorities accusing the Bank of having hidden in 2009 losses on derivatives of 12 billion dollars (9,2 billion euros), thus avoiding asking for the intervention of the Berlin Government. The chasm in the accounts would have brought the institution one step away from bankruptcy, which was avoided only with a massive injection of capital. The news was released by the Financial Times.
According to the British newspaper, the allegations were made at different times between 2010 and 2011 and are independent of each other. The three former executives spent hours with officials of the SEC (the American Consob) and two of them revealed that they had been kicked out of the Bank after expressing their fears about the situation.
The story also involves the American financier Warren Buffett, because, according to the allegations, Deutsche Bank did not correctly calculate the value of the insurance taken out by Berkshire Hathaway (Buffett's giant) on some positions.
The institute replied in a statement that the two-and-a-half-year-old allegations were publicly filed in June 2011 after a lengthy investigation and proved groundless.
