{"id":421571,"date":"2022-03-25T23:44:14","date_gmt":"2022-03-25T20:44:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/deutsche-bank-execs-fired-after-corporate-strip-club-visit\/"},"modified":"2022-03-25T23:44:14","modified_gmt":"2022-03-25T20:44:14","slug":"deutsche-bank-execs-fired-after-corporate-strip-club-visit","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/deutsche-bank-execs-fired-after-corporate-strip-club-visit\/","title":{"rendered":"#Deutsche Bank execs fired after corporate strip club visit"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a38456178cba\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a38456178cba\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/deutsche-bank-execs-fired-after-corporate-strip-club-visit\/#%E2%80%9CDeutsche_Bank_execs_fired_after_corporate_strip_club_visit%E2%80%9D\" >&#8220;Deutsche Bank execs fired after corporate strip club visit&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDeutsche_Bank_execs_fired_after_corporate_strip_club_visit%E2%80%9D\"><\/span>&#8220;Deutsche Bank execs fired after corporate strip club visit&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Deutsche Bank this week fired seven New York employees \u2014 including a number of top executives \u2014 after a visit to a s<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> club was charged to the company, The Post has learned.<\/p>\n<p>An attempt was made to then sweep the visit and the accompanying charges under the rug, a source familiar with the matter told The Post \u2014 leading to the dismissals.<\/p>\n<p>A group of bankers \u2014 including head of equity capital markets Ben Darsney and the managing director who ran most of the bank\u2019s SPAC business \u2014 Ravi Raghunathan \u2014 took colleagues and a client to a strip club in February, sources told The Post. Neither Darsney nor Raghunathan returned multiple requests for comment from The Post.<\/p>\n<p>Even going to a strip club with colleagues is a violation of company policy at the German lender. But worse for the bankers: Management was made aware of the incident only after strip club-related costs were submitted as a corporate expense. It\u2019s not clear who submitted the expenses and who was allegedly involved in trying to cover them up.<\/p>\n<p>The group didn\u2019t get much bang for their buck: People close to the situation said the strip-club charges amounted to less than $1,000.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/deutsche-bank-strip-club-04.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"deutsche bank\" class=\"wp-image-21664565\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/deutsche-bank-strip-club-04.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/deutsche-bank-strip-club-04.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/deutsche-bank-strip-club-04.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Deutsche Bank execs charged the company for expenses at a strip club.<\/figcaption><figcaption><span class=\"credit\">Getty Images\/iStockphoto<\/span><\/figcaption><\/figure>\n<p>While the expense was never <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved or paid for by the bank, it did trigger the bank to investigate the situation, sources familiar said. It couldn\u2019t be determined which strip club the financiers patronized.<\/p>\n<p>\u201cPeople got fired who weren\u2019t at said event but lied and participated in coverup,\u201d a source told The Post. \u201cEveryone was very well-regarded, which made it hard,\u201d the source adds of Deutsche\u2019s decision to fire the men. <\/p>\n<p>However, the decision to fire the men \u2014 who were rainmakers in a lucrative division \u2014 underscores the bank\u2019s commitment to a \u201cnew culture,\u201d the source told The Post. \u201cIt was the right decision,\u201d the source added. The Post couldn\u2019t determine the identities of all of the seven men who were fired, but confirmed they all worked for Deutsche. A source familiar with the matter said not all of the men who were fired actually attended the club. It also couldn\u2019t be determined who the client was who also attended the strip club.<\/p>\n<p>The firings come as Deutsche Bank has redoubled its compliance efforts. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/deutsche-bank-strip-club-02.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"strip club\" class=\"wp-image-21664632\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/deutsche-bank-strip-club-02.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/deutsche-bank-strip-club-02.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/deutsche-bank-strip-club-02.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>People close to the situation said the strip-club charges amounted to less than $1,000.<\/figcaption><figcaption><span class=\"credit\">Getty Images\/iStockphoto<\/span><\/figcaption><\/figure>\n<p>\u201cWe\u2019ve cleaned up our act 1000%,\u201d the source familiar with the bank\u2019s efforts told The Post. \u201cNew leadership has made a huge change, but when you have 5,000 employees there will always be an idiot.\u201d<\/p>\n<p>The bank treats any situation where two or more employees are together as a corporate event \u2014 even if it\u2019s outside the office or after hours, people told The Post. In the last few years, the bank has also ramped up mandatory training for employees, sources told The Post.<\/p>\n<p>\u201cDeutsche Bank thoroughly investigates\u00a0allegations of possible misconduct comprehensively and without bias\u201d the bank said in a statement to The Post. <\/p>\n<p>\u201cWe do not condone violations of our Code of Conduct or Company Policy and take re<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>l action\u00a0as appropriate based on the severity of circumstances.\u00a0The Bank declines to comment further on the \u00a0circumstances of this particular matter.\u201d<\/p>\n<p>Deutsche Bank has also struggled to enforce an SEC rule that mandates all work communication happens on work devices, a person familiar with the situation told The Post. This person adds at least one of the fired bankers had violated the bank\u2019s communication policy in recent months. <\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> comes as Deutsche appears to be on the other side of a massive restructuring effort in which 18,000 people were fired following years of regulatory run-ins and disappointing earnings. The bank has posted two consecutive years of profits \u2014 and last year the bank saw its most profitable year in a decade.<\/p>\n<p>Meanwhile, people who worked with Darsney and Raghunathan say they\u2019re sad to see the men go. They emphasize they were \u201cgood guys.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/03\/25\/deutsche-bank-execs-fired-after-corporate-strip-club-visit\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Deutsche Bank execs fired after corporate strip club visit&#8221; Deutsche Bank this week fired seven New York employees \u2014 including a number of top executives \u2014 after a visit to a strip club was charged to the company, The Post has learned. An attempt was made to then sweep the visit and the accompanying charges&#8230;<\/p>\n","protected":false},"author":1,"featured_media":421572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/deutsche-bank-strip-club-99.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[127154,71939,83227,71878,72455,73795,72399,70360],"class_list":["post-421571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-25-22","tag-banks","tag-companies","tag-deutsche-bank","tag-office","tag-strip-clubs","tag-strippers","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/421571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=421571"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/421571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/421572"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=421571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=421571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=421571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}