Deutsche Morgan Grenfell controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1995
Irregularities in the asset-management business
Irregularities discovered in the asset-management operation resulted in a £2 million fine and board resignations. The episode prompted Deutsche Bank to exercise more direct control over Morgan Grenfell before the later reorganization under the Deutsche Asset Management name.
1986
Guinness share-trading fraud
Morgan Grenfell acted as adviser to Guinness during the share-trading fraud. Investigations by the Department of Trade and Industry led to several resignations, including that of group chief executive Christopher Reeves, and caused substantial reputational damage to the bank.