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Keyword: deutschebank

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  • Deutsche Bank to pay $150M penalty for transactions with Jeffrey Epstein, 2 foreign banks

    07/07/2020 2:30:31 PM PDT · by Libloather · 6 replies
    UPI ^ | 7/07/20 | Sommer Brokaw
    July 7 (UPI) -- New York regulators announced Tuesday a $150 million penalty on Deutsche Bank tied to suspicious transactions involving Jeffrey Epstein and two foreign banks, Danske Estonia and FBME Bank. Deutsche Bank has agreed to pay $150 million as a result of "significant compliance failures," Linda Lacewell, superintendent of the New York State Department of Financial Services, said in a statement. These failures were related to its banking relationships with Epstein and the two foreign banks. The statement said the settlement marks the first enforcement action by a regulator against a financial institution for dealings with registered sex...
  • Deutsche Bank seeks to reassure employees, investors as stock slides

    03/12/2020 6:56:20 PM PDT · by yesthatjallen · 7 replies
    Reuters ^ | 03 12 2020 | Staff
    Deutsche Bank’s (DBKGn.DE) top executives sought to assure employees and investors over its ability to weather the coronavirus as shares in the German lender hit a new low on Thursday amid a wider stock market sell-off. Christian Sewing, chief executive of Germany’s largest bank, told employees in a memo seen by Reuters that Deutsche Bank’s business was in “good shape as the positive momentum of the fourth quarter has continued”. The bank has announced measures to shield employees from the coronavirus outbreak, including closing branches, splitting trading operations, and the cancellation of events. Deutsche Bank’s chief financial officer James von...
  • Supreme Court halts subpoena to Deutsche Bank for Trump records (RGB)

    12/06/2019 7:49:27 PM PST · by yesthatjallen · 10 replies
    The Hill ^ | 12 06 2019 | Harper Neidig
    The Supreme Court on Friday granted President Trump's emergency request to temporarily block a congressional subpoena for his financial records from Deutsche Bank. The court's order came just hours after the president's legal team asked for a temporary stay of an appellate court decision ordering Deutsche Bank to comply with subpoenas from the House Financial Services and Intelligence Committees for a broad range of documents concerning Trump's finances and his businesses. Justice Ruth Bader Ginsburg, who oversees the Second Circuit Court of Appeals, issued an administrative stay of that court's decision that will be in effect until Dec. 13 while...
  • Court ruling allows House to enforce subpoenas demanding Trump’s tax returns

    12/03/2019 10:49:04 AM PST · by lowbridge · 37 replies
    nypost.com ^ | December 3, 2019 | Emily Saul
    The House of Representatives can enforce subpoenasseeking eight years of President Trump’s financial records, an appeals court ruled Tuesday. The majority decision from the Second Circuit Court of Appeals clears the way for the Democrat-controlled House to seek documents, including tax returns, for Trump and other third-party individuals and entities. The House previously served subpoenas on Deutsche Bank and Capital One for the records, yet Trump immediately sued to block their release. Deutsche Bank previously revealed that, while it has tax returns for some of Trump’s children, it is not in possession of the president’s.
  • U.S. Indicts 4 in First Panama Papers-Related Charges [“Mossack Fonseca”]

    12/06/2018 9:14:45 AM PST · by Red Badger · 2 replies
    fortune.com ^ | 12/05/2018 | Lucas Laursen
    U.S. prosecutors unsealed Tuesday an indictment against four people affiliated with the Panama City law firm Mossack Fonseca, the first such American charges related to the 2016 Panama Papers leak. The charges, filed in the Southern District of New York, include defrauding the United States, wire fraud, tax evasion, money laundering, and making false statements to investigators. An accountant, an investment advisor, and a former client of Mossack Fonseca’s are under arrest while a Mossack Fonseca partner, Ramses Owens, remains on the lam, the Wall Street Journal reports. The American law enforcement action follows a Panama Papers-related raid on Deutsche...
  • The Deutsche Bank Death Watch Has Taken A Very Interesting Turn

    11/05/2019 8:26:38 AM PST · by LesbianThespianGymnasticMidget · 51 replies
    themostimportantnews.com ^ | November 5, 2019 | Michael Snyder
    The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan. Unfortunately for Deutsche Bank, it may already be too late. And if Deutsche Bank goes down, it will be even more...
  • Adam Schiff has a dossier of insider information from Donald Trump's main lender Deutsche bank..

    10/01/2019 5:56:47 PM PDT · by RummyChick · 60 replies
    DM ^ | 10/1/2019 | geoff earle
    A bizarre account of a whistle-blower's efforts to spread a trove of internal information about Deutsche Bank has revealed that House Intelligence Committee Chairman Adam Schiff has obtained the information. Val Broeksmit, a musician spent years trying to distribute information from inside the German bank after his father, a top executive there, hanged himself in London. His efforts brought him in contact with journalists and investigators – and eventually put him in contact with the California congressman, who President Trump has said should be arrested for treason and mocks with the online moniker 'Liddle.' As outlined in an deep dive...
  • Former Deutsche Bank executive's son secretly helped FBI's investigation: report

    10/01/2019 10:26:16 AM PDT · by yesthatjallen · 2 replies
    The Hill ^ | 10/01/19 | Rachel Frazin
    The son of a now-deceased Deutsche Bank executive has helped the FBI with probes related to the bank, The New York Times reported Tuesday. Val Broeksmit, the son of senior executive Bill Broeksmit, reportedly had a trove of bank documents and spoke to the law enforcement agency following his father's suicide. Deutsche Bank is facing scrutiny over its dealings with President Trump and his family. The House Intelligence and Financial Services committees have subpoenaed Deutsche Bank records relating to tp Trump. “We remain committed to cooperating with authorized investigations,” a Deutsche Bank spokesperson told The Hill in a statement, but...
  • Exclusive: U.S. congressional probe finds possible lapses in Deutsche Bank controls

    09/06/2019 6:17:47 AM PDT · by yesthatjallen · 8 replies
    Reuters ^ | 09/06/19 | Mark Hosenball, Matt Scuffham, John O'Donnell
    U.S. congressional investigators have identified possible failures in Deutsche Bank AG’s (DBKGn.D) money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said. The congressional inquiry found instances where Deutsche Bank staff in the United States and elsewhere flagged concerns about new Russian clients and transactions involving existing ones, but were ignored by managers, two of the people said. Lawmakers are also examining whether Deutsche Bank facilitated the funneling of illegal funds into the United States as a correspondent bank, where...
  • Lawrence O'Donnell Admits 'Error In Judgement' For Conspiracy About Trump And Russia

    08/28/2019 2:50:40 PM PDT · by Kaslin · 48 replies
    Townhall.com ^ | August 28, 2019 | Timothy Meads
    MSNBC's Lawrence O'Donnell just could not contain himself. In his eagerness to defeat President Donald J. Trump he rushed out on his show Tuesday night to report that a source close to the matter told him that Deutsche Bank had President Donald J. Trump's tax returns, they confirmed he paid little to no taxes, and that, here's what O'Donnell said was the huge bombshell, that the Trumpster had loans co-signed with Russian oligarchs close to Vladimir Putin. The only problem with this? It was based off a "single source," O'Donnell's employer never confirmed the story, and even Deutsche Bank is...
  • MSNBC Still Pushing Russian Collusion: Guess Who Co-Signed Trump’s Loans With Deutsche Bank?

    08/28/2019 7:32:00 AM PDT · by SeekAndFind · 27 replies
    Hotair ^ | 08/28/2019 | Ed Morrissey
    Here’s a question in return: Guess who’s looking to recover from the collapse of the Russia-collusion theory? A “source”* tells me that this is more an exposé of MSNBC’s desperation than of actual reality. I’m betting that my source is more solid than Lawrence O’Donnell’s, but YMMV.Even Business Insider treats this with asbestos gloves, calling O’Donnell’s report “rumor” rather than, y’know, news. And the reaction from Rachel Maddow pretty much emulates what everyone else thinks of O’Donnell’s report: BREAKING: MSNBC reports that Donald Trump obtained business loans by having Russian oligarchs as co-signers: "The source close to Deutsche Bank...
  • Deutsche Bank tells court it has tax returns tied to Trump family businesses

    08/27/2019 2:58:30 PM PDT · by yesthatjallen · 26 replies
    The Hill ^ | 08/27/19 | Naomi Jagoda
    Deutsche Bank said in a court filing Tuesday that it has tax returns relevant to House Democrats' subpoenas for financial records of President Trump, his family, and his businesses, but the bank didn't publicly identify whose returns they had. The name or names of the individuals or entities whose tax returns Deutsche Bank has were redacted in the version of the document posted on the federal courts' public legal database. The bank also said in its letter to a federal appeals court in New York that it has tax returns "related to parties not named in the Subpoenas but who...
  • The parable of Deutsche Bank and investment banking

    07/12/2019 10:45:55 AM PDT · by SeekAndFind · 3 replies
    REACTION ^ | 07/12/2019 | William Wright
    It’s not often that job cuts in the City of London make the same sort of headlines as layoffs at a car plant in Swindon or a steelworks in Scunthorpe – so you know something’s up when the 18,000 job losses at Deutsche Bank hit the front pages of all the wrong newspapers. The decision by Deutsche Bank to finally throw in the towel on its 25-year attempt to build a global investment bank to rival the Wall Street giants is a parable of the past 25 years in global banking. You might even say it was the moment that...
  • The Fed and Wall Street Have their Worry Beads Out Over Deutsche Bank’s “Bad Bank” Idea

    07/08/2019 2:02:52 AM PDT · by MaggieMay · 4 replies
    Wall Street Parade ^ | July 5,2019 | Pam Martens and Russ Martens
    According to the Financial Times, Deutsche Bank is thinking of moving upwards of $56 billion in long-dated derivative contracts into its bad bank. Frankly, that seems like a drop in the bucket. And, we’ve heard nothing thus far about any white knight equity infusions on the horizon and nothing about any potential government assistance from Germany. So exactly how does this bad bank make sense?
  • Deutsche Bank will exit global equities business and slash 18K jobs in sweeping overhaul

    07/07/2019 6:25:08 PM PDT · by Beave Meister · 8 replies
    CNBC.com ^ | 7/7/2019 | Spencer Kimball
    Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability. Deutsche will cut 18,000 jobs for a global headcount of around 74,000 employees by 2022. The bank aims to reduce adjusted costs by a quarter to 17 billion euros ($19 billion) over the next several years. The German bank’s decision to scale back investment banking comes just two days after investment banking chief Garth Ritchie stepped down by “mutual agreement.” Deutsche expects its restructuring plan to...
  • New York Times bans reporters from CNN's Don Lemon, MSNBC's Maddow shows for being 'too partisan:'..

    05/30/2019 5:57:34 PM PDT · by jazusamo · 37 replies
    Fox News ^ | May 30, 2019 | Joseph A. Wulfsohn | Fox News
    Full title: New York Times bans reporters from CNN's Don Lemon, MSNBC's Maddow shows for being 'too partisan:' reportThe New York Times is cracking down on its own reporters, stopping them from appearing on certain primetime cable news shows seen as being "too partisan," according to a new report. Vanity Fair published the explosive report, which alleged MSNBC's Rachel Maddow and Lawrence O'Donnell, as well as CNN anchor Don Lemon, made the newspaper's no-go list. The magazine began its report by alleging the Times' financial editor David Enrich had initially accepted an invitation to appear on "The Rachel Maddow Show"...
  • Trump loses court round on Democratic lawmakers' demand that banks provide his business records

    05/22/2019 2:53:34 PM PDT · by McQ444 · 26 replies
    Reuters ^ | 22-05-19 | Brendon Pierson
    NEW YORK (Reuters) - U.S. President Donald Trump, three of his children and the Trump Organization on Wednesday lost their bid to block Deutsche Bank AG and Capital One Financial Corp from providing financial records to Democratic lawmakers investigating Trump’s businesses.U.S. District Judge Edgardo Ramos ruled at a court hearing in New York that Congress has the legal authority to demand the records, clearing the way for the banks to comply with subpoenas issued to them by two U.S. House of Representatives committees last month. It was the second time this week that a judge had ruled against the Republican...
  • NY judge denies Trump bid to block House Deutsche Bank subpoenas

    05/22/2019 2:57:27 PM PDT · by detective · 41 replies
    New York Post ^ | May 22, 2019 | Andrew Denney
    A Manhattan federal judge has denied a bid by President Donald Trump and his companies to block congressional subpoenas on two banks to obtain years worth of financial records. The ruling Wednesday by District Judge Edgardo Ramos in Manhattan federal court to deny injunctions on Deutsche Bank and Capital One, which have done business with Trump and his businesses, and which received subpoenas from two House of Representatives committees, is the latest setback for efforts by Trump lawyers to prevent exposure of his financial records. The ruling comes just days after a federal judge in Washington, DC, found that Trump...
  • Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

    05/20/2019 7:47:03 AM PDT · by yesthatjallen · 72 replies
    NYT ^ | May 19, 2019 | David Enrich
    Anti-money-laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog. The transactions, some of which involved Mr. Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to five current and former bank employees. Compliance staff members who then reviewed the transactions prepared so-called suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes. But executives at Deutsche Bank, which has...
  • Robert Mueller used ‘hired guns’ for his report: Who were they?

    05/09/2019 5:15:46 AM PDT · by SleeperCatcher · 13 replies
    The National Sentinel ^ | 5/9/19 | Paul Sperry
    Special Counsel Robert Mueller spent more than $732,000 on outside contractors, including private investigators and researchers, records show, but his office refuses to say who they were. While it’s not unusual for special government offices to outsource for services such as computer support, Mueller also hired contractors to compile “investigative reports” and other “information.” The arrangement has led congressional investigators, government watchdog groups and others to speculate that the private investigators and researchers who worked for the special counsel’s office might have included Christopher Steele and Fusion GPS, the private research firm that hired Steele to produce the Russia collusion...