Hagel Gets $100,000 from Bank with Iran Troubles

Deutsche Bank under investigation
AP

Obama’s nominee for secretary of defense received a big paycheck to sit on the board of a bank currently being investigated for breaching United States sanctions on Iran. Chuck Hagel was paid $100,000 as a board member of Deutsche Bank.

Deutsche Bank Made Huge Profit on Libor Bets

Bank, on whose advisory board sits Chuck Hagel, is also being investigated for Iran sanctions violations
Deutsche Bank logo

Deutsche Bank, whose board holds President Barack Obama’s secretary of defense nominee Chuck Hagel, made major profits in 2008 on bets related to the London interbank offer rate (Libor).

A Potential Conflict of Interest
for Chuck Hagel

Potential Defense nominee advises bank under investigation for violating Iran sanctions
Chuck Hagel / AP

Former Nebraska Republican senator Chuck Hagel, on the shortlist for secretary of defense in the second Obama administration, sits on the board of a bank that is under investigation for allegedly violating United States sanctions on Iran.