logo
Plus   Neg
Share
Email

Germany Reportedly Deepens Probe Into Deutsche Bank's Role In Danske Bank

Deutsche Bank AG's (DB) external monitor, appointed by the German financial watchdog BaFin last year to ensure the bank is improving money laundering and terrorism financing controls, has received an expanded mandate that now includes the lender's role in the money-laundering scandal around Danske Bank A/S, according to the reports.

Deutsche Bank reportedly said that there were no indications of misconduct on its part. It has received requests for information from regulators and law enforcement agencies, including the U.S. Federal Reserve, investigating Danske Bank.

The scandal around Danske has engulfed Deutsche Bank after it emerged that the lion's share of suspicious money flows through the Danish bank's Estonian unit was routed through the German lender, which acted as one of the correspondent banks,the reports said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020. While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019. For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20... NetApp Inc. (NTAP) Wednesday reported a fourth-quarter profit that fell short of Wall Street estimates, as revenues slipped 3 percent. Shares of the company slipped 6% in extended trading session after its first-quarter outlook was also short of current expectations. Sunnyvale, California-based NetApp...
Follow RTT