EFTA01410737.txt Text dataset_10 View on DOJ

This email chain discusses the financial performance of Deutsche Bank, specifically focusing on net new assets (NNA) and the impact of various inflows and outflows, including those related to Epstein and Blackstone. The emails also detail efforts to accommodate a client named Ashley by removing standard setoff and lien language from their deposit agreement, raising concerns about potential risks and preferential treatment.

Subject

RE: Ashley deposit u date [I]

Sender

Robert Frohlich

Recipients

Patrick Campion

Document ID

EFTA01410737.txt

Date

2019-03-12

Severity

suspicious

Description

The document mentions an outflow due to Epstein, which is suspicious given the context of the investigation. However, there is no clear evidence of illegal activity being committed, planned, or discussed as a first-hand action by the sender/participants in the communication.

Content Type

first_hand

Likelihood

possible

Description

The client, Ashley, is leveraging offers from other banks to pressure Deutsche Bank into removing standard setoff and lien language from their deposit agreement. This could be seen as a form of coercion to obtain more favorable terms.

We are working under a tight timeline to open an account for a new Ashley corporate entity which will purchase DBAG CDs.

Unfortunately, the other bank Ashley is working with for deposits has agreed to simply remove all setoff and lien language from their deposit agreement, recognizing that there should be no situation (other than an operational error) that would give rise to an obligation from Ashley to the bank.

Please help. I would like to agree to remove the language they don't like (via a sideletter, not a new set of T&Cs). If we ever do a lending deal with them, we can properly negotiate collateral provisions then, when we will have more leverage. In the meantime, I don't think we have a major risk here, since all we are doing is opening a deposit account and issuing CDs.

• The willingness to remove standard setoff and lien language to accommodate a client's request raises concerns about potential risks and preferential treatment.
• The urgency to open the account and the tight timeline suggest a potential pressure to expedite the process without proper due diligence.

Context

The document reveals internal discussions about accommodating a client's demands and the potential risks involved. The mention of Epstein's outflow could also be of interest to the media.

Media Worthy

Yes

Financial transactions/money flowBusiness dealings

Robert FrohlichPatrick CampionThomas KlemmDonna KerriganGeoff PalmerStewart OldfieldCharlie BurrowsAndrew GallivanAnthony WesternKimberly HartRachel GoodwinNicholas Haigh

Deutsche Bank AGDeutsche Bank Trust Company AmericasDeutsche Bank Securities Inc.BlackstoneGoldmanJPMAshley

New YorkNew York, NYUSA345 Park Avenue, 10154-0004 New York, NY, USA345 Park Avenue, 10154 New York, NY

Tone

Professional

Purpose

To provide updates on financial forecasts and deposit inflows, particularly related to the Ashley account.

Significance

The document highlights the importance of the Ashley account for Deutsche Bank and the efforts to accommodate their requests regarding setoff and lien language.

File Name

EFTA01410737.txt

Dataset

dataset_10

Type

Text

Model

gemini-2.0-flash-001

Processed

2026-02-07T18:41:39.051676

DOJ Source

View on DOJ