Interesting article in today's Wall Street Journal, dealing with spies, critics, and Deutsche Bank (subscription required). In what seems to me as a rather over-the-top move, Deutsche Bank (NYSE: DB) used spies to keep tabs on its critics -- and the scope of the operation may be a bit more expansive than originally believed. In May, Deutsche Bank found efforts involving "questionable investigative or surveillance activities" that its security department and outside contractors conducted. The "monitoring" took place four separate times from 2001 to 2007, with the bank using a detective (and "others" according to the article) to basically spy on people affiliated with the bank.

The detective told the Journal that he received a list of names in 2006, a list of people that the security department wanted the detective to watch. The bank contends that the spy mission was conducted by its security department and made no mention of its legal department. This cloak-and-dagger game cost two executives their jobs last month, and could lead to more.

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Spies, critics, and Deutsche Bank originally appeared on BloggingStocks on Mon, 03 Aug 2009 11:40:00 EST. Please see our terms for use of feeds.