Was suicide of Deutsche Bank executive linked to Trump and Russia money-laundering?

Why did senior Deutsche Bank executive William S. Broeksmit commit suicide in 2014?  Broeksmit was the brilliant derivatives strategist who helped make Deutsche Bank an investment banking powerhouse prior to the global financial meltdown of 2008.  Broeksmit was a friend and confidant of then-CEO Anshu Jain and was seen to be Mr. Jain’s eyes and ears when it came to tracking various trading positions and risk exposures. But the bank and Broeksmit became ensnared in numerous investigations pertaining to potential criminal activity with respect to LIBOR fixing and illegal trading. And the unthinkable happened:

"But on Jan. 26, 2014, instead of meeting his wife and son for lunch, Mr. Broeksmit slung a dog leash over a door in his London home, and hanged himself from it. Left by his side was a neat stack of company documents related to Deutsche’s New York banking operations, and suicide notes addressed to relatives, as well as one to Mr. Jain."

What was the content of the suicide notes and which "company documents related to Deutsche’s New York banking operations" were on the floor beneath Broeksmit's hanging body?

More information about this tragedy and Deutsche Bank's perfidy is coming to light after Broeksmit's son turned over all his father's e-mails and other documents to the newspaper Die Welt.  Today the paper published a short article that raises some interesting questions:

Broeksmit hatte sich im Januar 2014 erhängt und mehrere Abschiedsbriefe hinterlassen, unter anderem an den ehemaligen CEO der Deutschen Bank, Anshu Jain. Um ihn herum lagen, wie die WELT AM SONNTAG erstmals berichtet, interne Unterlagen der Deutschen Bank.Die Dokumente gehörten zu einem New Yorker Ableger der Bank – der DBTCA. Die hat unter anderem den Firmen von Donald J. Trump und mehreren seiner Familienmitglieder Kredite in Höhe von mehreren Hundert Millionen Dollar zugestanden, obwohl Trump zuvor der Deutschen Bank hohe Kredite nicht zurückgezahlt hatte. Die DBTCA stand außerdem im Mittelpunkt eines Geldwäschekomplotts. Die Deutsche Bank hatte für russische Kunden zehn Milliarden Dollar gewaschen. Wo sich die Dokumente vom Tatort befinden, ist unklar.

DBTCA stands for Deutsche Bank Trust Company Americas - the same DB unit -as Die Welt points out - that had loaned Donald J. Trump and "several family members" more than three hundred million dollars even though the bank had sued Trump for non-payment of other debt obligations.  That same unit was later fined $425 million by the New York State Department of Financial Services for laundering $10 billion out of Russia through a scheme involving DB's Moscow Branch.  Were the Trump loans somehow tied to the Russian money-laundering scheme?  Unfortunately the whereabouts of the documents found at Broeksmit's house are "unclear". 

Comments

[Hattie]

Bunch of criminals.

[maryjane]

thank you for this.

[patrick kariuki]

SORRY

[Pauline]

Good insight.

[jane]

great article