@nytimes reporter covering China and Asia, but mostly China. Got a tip? alexandra.stevenson@nytimes.com GPG
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“It’s a relationship country,” said Joseph Ackermann, former Deutsche Bank CEO, in an interview. “Of course we cultivated these people.” About the gifts he added: “They said that’s what Goldman and JPMorgan are doing, so we should do it.”
Some executives were alarmed at the bank’s activities. One warned lawyers that he was “scared” of how a Chinese colleague “was doing business and whether there was money being passed around in envelopes.”
One executive in Hong Kong wrote about Huang: “My concern is this individual is fronting for someone else.” She was writing to Till Staffeldt about her concerns. He went on to become global chief operating officer in charge of compliance, regulation & preventing financial crime
We collaborated on this investigation with the German newspaper @SZ and these dogged reporters: @christophgiesen @n_richter @SchreiberDohms. Here's their version:https://bit.ly/33wkDsW
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