HAMBURG & KIEL - German bank HSH Nordbank - the world's largest shipbuilding financier - has said it will press charges against a member of its management board, Frank Roth. Chief operating officer Roth has already been suspended by the bank. He is accused of disclosing the bank's business secrets. It has been reported that the bank laid a trap for Roth by marking secret documents so they could be traced to him, which subsequently surfaced in the UK. The bank has announced the charges, still being prepared, are to be submitted to the Kiel prosecutor's office.
More on Regulation
Frustrating, costly, inefficient – but swap reporting can be fixed, says Isda CEO
Price hikes at Goldman Sachs show how much pressure FCMs are under
The RBI's use of a conservative standard CVA approach is overly prudent, say dealers
Autorité des Marchés Financiers aiming to prevent losses among speculative investors
Sign up for Risk.net email alerts
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.