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

Summary by Ground News
Deutsche Bank AG agrees to pay $26.25 million to settle a U.S. shareholder lawsuit. The lawsuit accused the German bank of lax oversight while doing business with risky, ultra-rich clients. The preliminary all-cash settlement filed on Friday in federal court in Manhattan requires approval.
Published 2 months ago

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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 […]

2 months ago·United Kingdom
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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

2 months ago·Canada
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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…

2 months ago·San Diego, United States
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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

2 months ago·Philippines
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