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Exclusive: Confidential @DeutscheBank documents show a brazen campaign to win business in China via what look like corrupt means. Top execs were directly involved.

The punishment: A wrist-slap from the SEC. with @PekingMike @jotted nytimes.com/2019/10/14/bus…
@DeutscheBank @PekingMike @jotted The bank spent millions on extravagant gifts for top government officials, on well-connected consultants to arrange meetings for senior execs, and on hiring unqualified relatives of Chinese leaders.

It worked: @DeutscheBank went from being irrelevant to a top player in China.
@DeutscheBank @PekingMike @jotted The SEC spent years investigating. In August, it imposed a tiny $16 million penalty -- which didn't even cover all the wrongdoing that Deutsche's own internal reviews found.

This is the clearest example I've seen in the @realDonaldTrump era of his favorite bank getting off easy.
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