Deutsche Bank Audit Turns up Mismarked Deals

The transcript discusses the investigation into Monte Passkey and Deutsche Bank, focusing on how Deutsche Bank helped cover up losses and engaged in questionable accounting practices. Over 100 similar deals were found, raising concerns about the bank's valuation and the challenges faced by CEO John Cryan. The Justice Department's involvement and the unknowns in the bank's balance sheet are highlighted as significant issues.

What was the main issue discovered in the investigation involving Monte Passkey and Deutsche Bank?

• Monte Passkey was involved in insider trading.

• Deutsche Bank was involved in money laundering.

• Monte Passkey was evading taxes.

• Deutsche Bank was helping to cover up losses.

How did Deutsche Bank handle the loans that were part of the deals?

• They wrote them off as bad debts.

• They recorded them as assets.

• They did not put them on their balance sheet.

• They sold them to other banks.

What challenge does the CEO of Deutsche Bank face according to the transcript?

• Expanding into new markets.

• Resolving the unknowns in the balance sheet.

• Managing a merger with another bank.

• Reducing the bank's workforce.

What was the Justice Department's demand from Deutsche Bank?

• To merge with another bank.

• To close down its operations.

• To pay a fine of 14 billion.

• To increase its capital reserves.

What is the main concern for shareholders regarding Deutsche Bank's deals?

• The deals were only with small banks.

• The deals were too simple.

• The deals were not disclosed to shareholders.

• The deals were too profitable.