The former head of a private banking team at Deutsche Bank Frankfurt was suspended for two years in prison for embezzling over 626,000 euros of funds from wealthy customers. The Frankfurt Regional Court ruled on Thursday that the 39-year-old man had serious betrayal; under German law, his identity could only be disclosed as Sven R. He began using Deutsche Bank's internal fund transfer process at the end of 2023 until he was discovered in the spring of 2025.

The former head of a private banking team at Deutsche Bank Frankfurt was suspended for two years in prison for embezzling over 626,000 euros of funds from wealthy customers. The Frankfurt Regional Court ruled on Thursday that the 39-year-old man had serious betrayal; under German law, his identity could only be disclosed as Sven R. He began using Deutsche Bank's internal fund transfer process at the end of 2023 until he was discovered in the spring of 2025.