Deutsche Bank (XE:DBK)
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6 Months : From Jun 2019 to Dec 2019
--Deutsche Bank AG (DB, DBK.XE) documents and records given to U.S. Congressional investigators show possible failures of the German bank's money-laundering controls, Reuters reported Friday, citing three people familiar with the matter.
--The records show Deutsche Bank staff expressed concerns about Russian clients and transactions which managers ignored, the report said, citing two of the people.
--The House of Representatives Financial Services Committee declined to comment, the report said.
--A spokesman for Deutsche Bank said it couldn't comment on work of the congressional committee, but added the bank is committed to cooperating with investigators, the report said.
Full story: https://www.reuters.com/article/us-deutschebank-investigation-russia-exc/exclusive-u-s-congressional-probe-finds-possible-lapses-in-deutsche-bank-controls-sources-idUSKCN1VR0PX
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(END) Dow Jones Newswires
September 06, 2019 15:11 ET (19:11 GMT)
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