Deutsche Bank sacks two for spying

Deutsche Bank has sacked two senior executives for spying on its board of directors and two other people. Prosecutors, data protection officials and financial regulators are all investigating the bank for allegedly spying on its own chief operating officer, a board member, an activist shareholder and a media mogul. The bank is …

[Darren B 1]

too many spies

So they had spies spy on the spies.

[amanfromMars 1]

Minnows for Red Herring Sacrifice in the Shark Pool

Spying is a very Lucrative Business and in Banking Circles, especially so, so it is hardly a scandal.

[Graham Marsden]

But...

... nothing like that would ever happen in the UK, would it...?

[Dennis O'Neill]

@ Graham Marsden

Of course it wouldn't. The government does the job for the banks. Why on earth would they waste money on private eyes when they can just go to the masters?

[Paul Johnston]

And of course

DB were at it as well, see

http://www.dw-world.de/dw/function/0,,12215_cid_4000868,00.html

The chairman of Germany's state-owned rail operator Deutsche Bahn, Hartmut Mehdorn, has come under increased criticism following new reports that the company secretly spied on all its employees. The rail operator had previously admitted to spying on only around half its workers as part of a corruption probe. Media reports now claim that Deutsche Bahn carried out surveillance of its entire workforce of 220,000 in 2005

At least they didn't pick on anyone

[Rod MacLean]

Good Spies

They must have been excellent spies if they didn't notice that the bank (along with all the others) was about to collapse...

Either that or it was industrial sabotage - let's take out the entire market sector, then we'll know we've got them!

[Ascylto]

STASI? Amateurs!

And those with even shorter memories will recall the UK's RIP Act and the ID Cards fiasco.