Deutsche Bank, managers probed (2)

(ANSA) - Rome, May 6 - The Frankfurt-based Deutsche Bank is being probed in the southern Italian city of Trani along with several former executives for alleged market manipulation, ANSA sources said on Friday. The case regards the sale of around seven billion euros' worth of Italian State bonds on the first half of 2011. Italy risked a Greek-style financial meltdown at the peak of the eurozone crisis in 2011 when the costs of servicing its massive debt soared. Silvio Berlusconi's third government was forced to make way late in 2011 for the emergency technocrat executive of Mario Monti.
    Former Deutsche Bank chief executive Josef Ackermann, former co-CEO Anshuman Jain, outgoing co-CEO Juergen Fitschen, former risks office chief Hugo Banziger and former financial director Hugo Banziger are under investigation, the sources said. Investigators seized documents and emails from the German bank's Milan office a few days ago and questioned DB's chief country officer for Italy, Flavio Valeri, sources said.