2matters on the record across its booking centres, 2015 to 2023
2.4/531 UHNW client ratings across its booking centres
The editor's opinion
Why Deutsche Bank rates 2.6 out of 5
Deutsche Bank rates 2.6 out of 5. The figure combines the ratings of its two rated booking centres (Singapore, two stars; Switzerland, three stars), each weighted by the number of UHNW client ratings it has received, so a centre where more families bank counts for more. Switzerland is the strongest at three stars; Singapore is the weakest at two stars. Its booking entities carry two matters on the record, the most recent in 2023; each is listed below with the centre it concerns. Across its booking centres, 31 UHNW client ratings average 2.4 out of 5.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. Each booking centre is rated on its own file, from the public record and what clients and their advisers tell us in confidence. The overall rating brings those ratings together; retail products, branches and apps play no part.
Where Deutsche Bank stands out
Ownership and control are fully public. All centres
No politically exposed person holds a significant stake. Singapore
No final adverse finding against this licence holder in ten years of regulatory and court records. Switzerland
Custody assets are protected by statute in the booking centre, with conditions a family should read. Switzerland
Deposits are covered by a statutory protection scheme. Switzerland
The custody terms are public and address most of what a family needs to know. Switzerland
What to weigh
A significant regulatory finding stands on the record in the last ten years. Singapore
The last adverse finding is recent. Singapore
Deposit protection is minimal. Singapore
Few private banking services are published for this booking unit. All centres
No fee schedule is published; pricing is given on request. Singapore
Remediation of past findings is not documented. Singapore
Only indicative figures are published, not a schedule. Switzerland
The policy on third-party payments is only partly stated. Switzerland
No published information on a desk for external asset managers. Switzerland
Singapore · Deutsche Bank Aktiengesellschaft, Singapore Branch12 client ratings · 39% of the weight
Switzerland · Deutsche Bank (Suisse) SA19 client ratings · 61% of the weight
PPLI.com rating, weighted across the centres2.6
Each booking centre keeps its own rating, set on its own file. The overall rating is the average of those ratings, weighted by the number of UHNW client ratings each centre has received. A centre whose rating is still in preparation is shown but not counted.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
The booking centres
Deutsche Bank in 2 booking centres
Each booking centre is a separate legal entity, with its own licence, deposit protection, services and fees, and keeps its own PPLI.com rating. Everything on file for them is brought together on this page; open a centre for its own file.
What regulators, prosecutors and courts have decided against the booking entities of Deutsche Bank, gathered from the files of all its booking centres, with the status, the amounts as published and a link to the original document. Each entry names the centre it concerns. Claims and investigations still under way are marked as open.
202319 July 2023
Consent order and fine for insufficient remediation of sanctions and anti-money laundering controls
The Board of Governors of the Federal Reserve System found unsafe and unsound practices at Deutsche Bank AG, the legal entity of which Deutsche Bank Aktiengesellschaft, Singapore Branch is part, and violations of its 2015 and 2017 consent orders, judging the bank's remedial progress insufficient. It fined the bank USD 186 million, citing deficient anti-money laundering controls and governance tied to its former relationship with Danske Bank's Estonian branch, and imposed a separate written agreement on governance and controls. The order concerns the New York branch and other US affiliates, not the Singapore branch.
Non-prosecution agreement under the Swiss Bank Program, US-related accounts
Deutsche Bank (Suisse) SA entered a Swiss Bank Program non-prosecution agreement covering 1,072 US-related accounts with aggregate maximum value of about USD 7.65 billion and paid a penalty of USD 31.026 million. non-prosecution agreements under the program include a statement of facts but no guilty plea.
Deutsche Bank Suisse will pay a penalty of $31.026 million.
Standard Swiss Bank Program cooperation obligations.
Matters concerning other entities in the group (1)
20206 April 2020
Consent order with the parent, its New York branch and its US trust company
The New York State Department of Financial Services lists a consent order of 6 April 2020 with Deutsche Bank AG, the parent of Deutsche Bank (Suisse) SA, together with Deutsche Bank AG New York Branch and Deutsche Bank Trust Company of the Americas. The list does not show the amount or the subject, and it records earlier consent orders with Deutsche Bank AG dated 30 January 2017 and 20 June 2018.
Shown for context only: the decision concerns Deutsche Bank AG, not Deutsche Bank (Suisse) SA, and does not count towards the rating of the booking centre or of the group.
What clients meet at Deutsche Bank across its booking centres, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
UHNW client ratings
2.4 out of 5, based on 31 client ratings across its booking centres.
Singapore3.4 out of 512 ratings
Switzerland1.7 out of 519 ratings
What clients report
Singapore. FIDReC, Singapore's financial dispute resolution centre, publishes no decisions by firm, and no complaints register gives figures for Deutsche Bank Aktiengesellschaft, Singapore Branch. In Zillion Global Ltd and another v Deutsche Bank AG, Singapore Branch [2019] SGHC 165, two BVI companies of a private client claimed about USD 31.9 million of losses on structured products booked in 2008. The High Court found that the bank owed a duty of care when advising, but that the client sought growth rather than preservation of wealth, that there was no duty to monitor the portfolio and no evidence that products were recommended for higher commissions. According to a case note by legal-wires.com, the High Court dismissed the claims and the Court of Appeal dismissed the appeal on 8 June 2020. In August 2025 the High Court upheld the bank's right, as lender, to cut collateral values and terminate a facility of up to USD 400 million, rejecting the borrower's case that it had exercised its discretion arbitrarily.
Switzerland. Complaints can be taken to the Swiss Banking Ombudsman. The court claims that concern the group were brought against the parent by former employees acquitted in the Monte dei Paschi case and by former Postbank shareholders, not by clients of the Swiss bank. No data breach or loss of client money at the bank has been reported in the independent press.
Worth raising with the bank
Singapore. Ask how the anti-money laundering and sanctions remediation required by the Federal Reserve in July 2023 applies to accounts booked in Singapore, and whether the written agreement on governance and controls is still in force.
Singapore. Ask on what notice the bank may cut lending values on pledged collateral, given the High Court's August 2025 ruling that it could reduce them to nil within nine days and terminate the facility.
Switzerland. Ask whether any of the Russian client deposits above the EU limit that Deutsche Bank reported to the authorities in April 2026 were booked at the Swiss bank, and what was done with those accounts.
Financial standing
Credit ratings published by the agencies for the companies named in the centre files, dated by the latest agency or bank document that confirms them
Düsseldorf prosecutors searched the Frankfurt headquarters of Deutsche Bank in a CumCum tax investigation tied to Postbank transactions from 2008 to 2010, in which the bank says it is a third party.
Deutsche Bank had reported possible breaches of EU sanctions to the authorities after finding deposits from Russian private clients above the EUR 100,000 limit.
Former employees acquitted in the Monte dei Paschi case are claiming about EUR 850 million in damages from Deutsche Bank, which calls the claims unfounded.
Prosecutors searched Deutsche Bank offices in Frankfurt and Berlin over a suspicious activity report on money laundering that may have been filed late.
The Singapore High Court held that the bank was entitled to cut the lending value of bonds securing a facility of up to USD 400 million to ARJ Holding and to terminate the facility, and rejected the borrower's good-faith challenge.
BaFin fined Deutsche Bank EUR 23 million over the remediation of Spanish FX derivatives sales and call recording and account switching failures at Postbank.
What it costs
What Deutsche Bank charges, centre by centre
Fees are set by each booking entity, so they are shown centre by centre. One of the two centres of Deutsche Bank publishes a fee schedule, read on 6 November 2026 from the documents linked under each table. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and a bank can change its schedule at any time.
Singapore · Deutsche Bank Aktiengesellschaft, Singapore BranchCentre file
Pricing not published
No fee schedule is published for this booking centre; pricing is given on request.
Switzerland · Deutsche Bank (Suisse) SACentre file
Fee
Deutsche Bank Wealth Management (Switzerland)
Other banks
Against the others
Outgoing international transferper transfer, standard
Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, equity trade, bond trade, third party fund subscription, currency conversion, account maintenance, minimum annual fee, transfer of securities to another bank, closing the account, lombard loan margin.
Sources.
Payments and Overdrafts, read on 6 November 2026. Web page, undated (footer copyright 2026).
Deposits - Information, read on 6 November 2026. States deposit fee rates and thresholds are available on request.
How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.
The bank at a glance
Identity, protection and services
Ownership
Group parentDeutsche Bank Aktiengesellschaft (listed, Frankfurt Stock Exchange (Xetra); NYSE) Source
ControlWidely held; no shareholder with 10% or more Source (15 October 2026)
Disclosed holdings of 3% or moreBlackRock, Inc. 7.92% Source (19 January 2026); Sheikh Hamad bin Jassim bin Jaber Al Thani (via Paramount Service Holding Ltd S.à r.l.) 4.91% Source (22 June 2026); Amundi S.A. 2.94% Source (15 October 2026)
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Booking entities
SingaporeDeutsche Bank Aktiengesellschaft, Singapore BranchMAS · Branch of Deutsche Bank AktiengesellschaftLicence: Wholesale Bank; also Exempt Capital Markets Services Entity, Exempt Financial Adviser, Exempt Trust Company, SGS Primary Dealer Source
Offered at one or more booking centresOffered by the group, not confirmed at a centreNot located, which does not mean unavailable Checked on the bank's own pages for each centre.
Access and costs
Minimum relationshipSingapore:Not published Switzerland:Not published
US personsSingapore: Not published Switzerland: Not published
Third party paymentsSingapore: Not published Switzerland: Published Source
Transfer out termsSingapore: Not published Switzerland: Published Source
Protection of client assets
Deposit protectionSingapore: Wholesale banks and merchant banks are not members of the SDIC Deposit Insurance Scheme, so deposits booked here carry no Singapore deposit insurance. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered. Switzerland: All banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap.
Custody lawSingapore: Not published Switzerland: Swiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h.
Custody termsSingapore: Not published Switzerland: Published Source
Before opening an account
Custody agreement. Ask for the agreement covering the account you would open. Which entity holds the securities, what law governs the account, and where would the assets be held if a sub-custodian is used? Singapore
Cross-border eligibility. If a settlor, beneficiary or beneficial owner has U.S. ties, ask the named entity to confirm eligibility for your structure and which investment services it can provide.
Transferring assets out. Ask which positions can be transferred without selling them, who approves exceptions, and how charges are calculated for each position and market. Singapore
Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately. Switzerland
International payments. The fee comparison shows USD 125 for a standard outgoing transfer. Ask whether intermediary charges and FX spreads are billed separately for the currencies you use. See published fees. Switzerland
Your experience
Rate Deutsche Bank
If you bank with Deutsche Bank in any of its booking centres, or advise clients who do, your experience forms part of its PPLI.com rating. Please say which centre you deal with. Every response is read by the editor and treated in strict confidence.
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting the reference of the booking centre concerned: Singapore BK-SG-DEUTSCHE-SG-1BF967; Switzerland BK-CH-DEUTSCHE-BANK-SUISSE-79460B.
Reviewing this file with us
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent Deutsche Bank, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
Brought together by the PPLI.com research desk from the files of its booking centres and the public sources listed. The rating is our editorial opinion; read how the overall rating is built.
Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Overall rating weighted by UHNW client ratings
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