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Deutsche Bank’s week from hell just got worse after reported links with Epstein and a US probe into its role in the 1MDB scandal

FILE - In this July 30, 2008, file photo, Jeffrey Epstein, center, appears in court in West Palm Beach, Fla. The wealthy financier pleaded not guilty in federal court in New York on Monday, July 8, 2019, to sex trafficking charges following his arrest over the weekend. Epstein will have to remain behind bars until his bail hearing on July 15. (Uma Sanghvi/Palm Beach Post via AP, File)

  • Deutsche Bank is being investigated by the US Department of Justice as part of a wider probe of the 1MDB scandal, the Wall Street Journal reported.
  • The New York Times also reported that compliance staff at the German bank raised concerns about its deals with Epstein’s firm. They were overruled by senior managers at the bank.
  • The reports add to Deutsche Bank’s woes. The share price has tanked and the bank just kicked off a brutal round of job cuts and restructuring.
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Deutsche Bank’s bad week is getting worse.

The US government is probing whether the read more >>>

Source:: BusinessInsider.Com