Tuesday, April 3, 2007

Taiwan says probes Deutsche Bank over loan

(Reuters) - TAIPEI, April 3 - Deutsche Bank said on Tuesday it is cooperating with a Taiwan government probe into a loan it made there, which local media reported was to a unit of the troubled Rebar Group. The Chinese-language Economic Daily reported that Taiwan's Financial Supervisory Commission was checking to see if Deutsche Bank used an appropriate process when it made the T$6.8 billion loan to Asia Pacific Broadband Wireless Communications.

Deutsche spokesman Michael West declined to confirm the loan recipient or amount, citing client confidentiality agreements.


Read more at Reuters.com Government Filings News

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