Insider dealing suspect advised Treasury on banks - report

The Deutsche Bank executive arrested on Tuesday over alleged insider dealing advised the Government on financial stability at the height of the financial crisis.

Martyn Dodgson, a managing director in Deutsche's corporate broking division, is understood to have been part of the Deutsche team advised the Treasury and UK Financial Investments last year on capital raising for the Lloyds Banking Group, which allowed the taxpayer-backed lender to pull out of the Asset Protection Scheme, the Times reports. Although Dodgson was only a peripheral member of the advisory team, he would have had access to highly sensitive information about Lloyds' plans to avoid the scheme and its capital-raising plans weeks before the details were announced. An insider ...