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5 (Financial Times) - Deutsche Bank failed to recognise up to $12
billion of paper losses during the financial crisis, helping the bank
avoid a government bail-out, three former bank employees have alleged in
complaints to US regulators.
Khuzami, head of enforcement at the SEC, has recused himself from all
Deutsche Bank investigations because he was Deutsche's general counsel
for the Americas from 2004 to 2009. Dick Walker, Deutsche's general
counsel, is a former head of enforcement at the SEC.
Job swap. Sweet.