Deutsche Bank — Ethics Grade F

Deutsche Bank receives an overall ethics grade of F (18/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 40
• privacy: 45
• consumer: 20
• environment: 15
• humanRights: 10

Documented incidents (3)

• DWS Greenwashing Raid (high, 2022) — German authorities raided the bank's asset management arm following claims it overstated the ESG (environmental, social, and governance) credentials of its investment funds to attract capital.
• Epstein Victim Settlement (high, 2023) — The bank paid $75 million to settle a lawsuit alleging it ignored warning signs of sex trafficking while Jeffrey Epstein was its client. Internal emails showed compliance staff raised concerns that were dismissed.
• Russian Money Laundering (high, 2020) — Regulators fined the bank for 'mirror trades' that allowed $10 billion to be illicitly moved out of Russia. The scheme utilized the bank's offices in Moscow, London, and New York to bypass sanctions.

Documented good deeds

• Global Art & Culture Support — Deutsche Bank maintains one of the world's most significant large corporate art collections and supports emerging artists through its 'Artist of the Year' program.

Ethical alternatives

• GLS Bank — A social-ecological bank that provides total transparency on every loan made.