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LONDON (AP) — Deutsche Bank has agreed to pay $75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier. A woman only identified as Jane Doe sued the bank in federal district court in New York and sought class-action status to represent other victims of Epstein. The lawsuit asserted that the bank knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars...

NEW YORK (AP) - Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should have seen evidence of sex trafficking by Jeffrey Epstein, the high-flying financier who killed himself in jail while facing criminal charges. The banks said in filings late Friday they didn’t commit any negligent acts that caused harm to the women who filed the lawsuits and that the lawsuits failed to show that they benefitted from Epstein’s sex trafficking. The filings in federal district court in New York came about a month after two women who were...

Two women who accused Jeffrey Epstein of sexual abuse slapped JPMorgan and Deutsche Bank with separate lawsuits, claiming the financial giants chose profits over reigning in the convicted pedophile’s alleged sex-trafficking operation. The women, identified only as Jane Does, filed the lawsuits Thursday in New York federal court, seeking class-action status and unspecified financial damages, according to the complaints reviewed by The Post. The lawsuits state both banks assisted and participated in Epstein’s alleged sex trafficking by enabling him to make payments to women for sex acts and that the banks profited from Epstein’s activities. “We believe this claim lacks...

Many Americans to this day are wondering how all of this violence, mayhem, riots, and criminality came upon America. It’s as if someone flipped a switch, and it all started, and our world changed. The groups that are executing this insurrection were carefully planted, groomed, and prepared by the Obama administration and its remaining shadow government once President Trump was elected, just waiting for the green light to burn, destroy, and yes, even kill. It was all planned. This is what one investigative reporter, George Elliason, an American who lives in the Donbass region of East Ukraine, is proposing, and...

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 has published its financial report for the first quarter of 2020, revealing that the German lender has posted a bottom-line loss of €43 million attributable to shareholders during the three month period. Although the German bank posted a loss of €43 million, it is worth noting that it is still better than analysts had initially expected, with the figure reflecting higher revenues on the back of increased trading, which has been driven by COVID-19 related volatility. For the three month period, Deutsche Bank confirmed that it had achieved a Group profit before tax (PBT) of €206 million after...

Jeffrey Epstein’s private wealth banker, who brokered and signed off on untold multiple millions of dollars in controversial Deutsche Bank and Citibank loans spanning two decades for the convicted pedophile, has died from a reported suicide. The news of yet another mysterious Epstein-linked death comes shortly after the FBI was seeking to interview the bank executive about loans he approved for Epstein and the indicted child trafficker’s labyrinth of US-based and offshore companies. The Los Angeles County Medical Examiner confirmed Thomas Bowers died by an apparent suicide by hanging at his home before Thanksgiving.

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...

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...

FRANKFURT, Germany - Germany’s struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at restoring consistent profitability and better returns to shareholders. The Frankfurt-headquartered bank said it would cut roughly a quarter of its total annual costs, from 22.8 billion euros ($25.6 billion) last year to 17 billion euros, through steps such as dropping the investment bank’s stock-trading business. It also plans to slim the division focused on fixed-income investments. **SNIP** When complete, the job cuts are to reduce the workforce to 74,000. The bank would not...

The House Intelligence and Financial Services committees jointly subpoenaed Deutsche Bank on Monday as part of their ongoing investigation into President Donald Trump’s financial dealings and concerns about foreign influence over the Trump Organization, the president's family business. "As part of our oversight authority and authorized investigation into allegations of potential foreign influence on the U.S. political process, the House Intelligence Committee today issued subpoenas to multiple financial institutions in coordination with the House Financial Services Committee, including a friendly subpoena to Deutsche Bank, which has been cooperative with the Committees," House Intelligence Committee Chairman Adam Schiff, D-Calif., said in...

A source with knowledge of Special Counsel Robert Mueller's investigation into alleged Russian election meddling pushed back Tuesday on a new report claiming Mueller called on Deutsche Bank to submit data pertaining to its client relationship with President Trump. But the source tells Fox News there has been no subpoena from Mueller’s office to Deutsche Bank about the president’s finances.

Over a year ago, when the media were already obsessed about alleged Russian interference in the 2016 election, I wrote that the Trump empire’s entanglement with troubled financial giant Deutsche Bank presented the only real existential threat to Donald Trump’s presidency. The media have largely ignored this story in favor of the more sensational (and much more spurious) story about Trump’s alleged collusion with the Russian government during the 2016 election. They are still doing it today, even in the face of mounting evidence that special counsel Robert Mueller’s probe isn’t really about collusion with Russian election tampering at all....

German police raided Deutsche Bank offices on Thursday, seeking evidence in a money laundering investigation into the practice of hiding money offshore to elude tax collectors and government regulators. "Police officers and tax inspectors entered Deutsche Bank's headquarters in Frankfurt early Thursday morning and seized documents," NPR's Esme Nicholson reports from Berlin. "Prosecutors are investigating two employees of the bank who allegedly assisted customers in setting up offshore firms to avoid anti-money laundering safeguards when transferring money to accounts at Deutsche Bank." Nicholson adds, "According to investigators, in 2016 alone, more than 900 Deutsche Bank customers were served by a...

No, Special Counsel Robert Mueller did not subpoena Donald Trump bank records from Deutsche Bank. Never happened. Fake News. [Leak Real]

Special prosecutor Robert Mueller zeroed in on President Donald Trump’s business dealings with Deutsche Bank AG as his investigation into alleged Russian meddling in U.S. elections widens. Mueller issued a subpoena to Germany’s largest lender several weeks ago, forcing the bank to submit documents on its relationship with Trump and his family, according to a person briefed on the matter, who asked not to be identified because the action has not been announced. “Deutsche Bank always cooperates with investigating authorities in all countries,” the lender said in a statement to Bloomberg Tuesday, declining to provide additional information.

http://www.express.co.uk/news/world/698305/Deutsche-Bank-financial-crisis-EU-Angela-Merkel 'We should nationalise German banks' Warning Deutsche Bank teetering on edge of CRISIS A TOP economist has warned that Germany's biggest bank is teetering on the edge of crisis and they only way to protect it against future shocks is to nationalise it. By SIMON OSBORNE 20:03, Tue, Aug 9, 2016 | UPDATED: 21:00, Tue, Aug 9, 2016 Germany central bank, the Deutsche Bank, would be hit hard in a new financial crisis Martin Hellwig said stress tests carried out by the European Central Bank revealed the Deutsche Bank would be left in a precarious position in the event of...

Germany’s largest lender is set to shut over a quarter of its branches across the country as the company goes through a major restructuring process. The closures are set to take place over the next few months, with 188 of Deutsche Bank’s 723 branches nationwide due to close their doors. […] After recording colossal losses of around €7 billion in 2015, the Frankfurt lender is desperately seeking ways to cut costs. […] The bank said it hopes to redirect funds to digital banking, in which it hopes to invest €750 million by 2020. …

The dismal list of financial executive deaths has recently increased to 11 in the last few months. Speculation has surrounded many of these deaths (and suicides) as to the reasoning; none more than the first - William Broeksmit, an executive who worked in Deutsche Bank's risk function and advised senior leadership who hanged himself in his South Kensington home in late January. However, as the WSJ reports, we now know why this poor man felt compelled to take his own life: he was "anxious about various authorities investigating areas of the bank where he worked" (and yes, we are well...

General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business. GE, the world's biggest maker of jet engines and electric turbines, has expanded in the energy industry with a series of acquisitions of companies that make equipment used in oil and gas production, while divesting assets in finance and media industries. The company has spent about $11 billion in acquisitions since 2007 to boost its presence in the oil and gas business, which is the conglomerate's fastest-growing and which contributes about 10 percent of its total revenue. Lufkin will broaden GE's artificial...