Deutsche Financial institution in $26.3 million shareholder settlement over Epstein, Russian oligarch ties

Deutsche Bank in $26-million shareholder settlement over Epstein, Russian oligarch ties

Shareholders claimed that Deutsche Bank had known its know-your-customer and anti-money laundering controls were ineffective

Deutsche Bank in $26.3 million shareholder settlement over Epstein, Russian oligarch ties – One America News Network

By Jonathan StempelNEW YORK (Reuters) – Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs.The preliminary all-cash settlement filed on Friday in federal court in Manhattan requires approval by U.S. District Judge Jed Rakoff, who in June allowed the proposed class action to p…

Deutsche Financial institution in $26.3 million shareholder settlement over Epstein, Russian oligarch ties

The emblem of Deutsche Financial institution is pictured on an organization’s workplace in London, Britain July 8, 2019. REUTERS/Simon Dawson/File Picture Register now for FREE limitless entry to Reuters.com Register NEW YORK, Sept 23 (Reuters) – Deutsche Financial institution AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German financial […]

Deutsche Bank in $26.3 mln shareholder settlement over Epstein, Russian oligarch ties

NEW YORK -- Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs. Read More