Deutsche Bank hit with $150 million penalty for dealings with Epstein

According to the department, the bank's failings included not scrutinizing payments to Epstein’s publicly alleged co-conspirators in sexually abusing young women; payments to Russian models; payments for women’s school tuition, hotel and rent expenses; direct payments to numerous women with Eastern European surnames ; settlement payments totaling over $7 million, as well as dozens of payments to law firms totaling over $6 million for apparent legal expenses for Epstein and his...

Deutsche Bank agreed to the financial penalties as part of a consent order with the Department of Financial Services “for significant compliance failures in connection with the Bank’s relationship with Jeffrey Epstein and correspondent banking relationships with Danske Bank Estonia and FBME Bank,” according to Linda Lacewell, the state superintendent of financial services.

while holed up at a $1 million getaway in New Hampshire. Maxwell, 58, was later transported by authorities to New York City. Her first court appearance in Manhattan federal court is set for July 14.

How many times should a bank be allowed to be convicted & penalized for money laundering before its pattern of behaviour indicates lawlessness Shouldn't banks that break laws frequently be broken up & their managing directors never allowed to work in financial services again?

MaddowBlog That bank has a lot to answer for in its dealings with Trump as well.

Wrist slap with a wet noodle. They are global with trillions in laundered money and fund most of the criminal elements world wide. Terrorism, Russian oligarchs, arms dealers; wherever there's a way to profit. Usually at the expense of the rest of us.

Bank robber gets 15+ years for his crime, bankers get fines, this is what capitalize call justice.

MaddowBlog $150M is a rounding error for DB.

MaddowBlog 'Hit'.... More like a friendly tap. To them this is like dusty old change we find when we clean out the glove box.

Why is Deutsche Bank still open & operating in the US?

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Deutsche Bank agrees to pay $150 million over relationship with Jeffrey EpsteinJUST IN: Deutsche Bank agrees to pay $150 million in penalties over its relationship with Jeffrey Epstein as part of a consent order with regulators in New York, the state’s Department of Financial Services says. Now do its relationship with realDonaldTrump and tell us how much the bank pays for fines for helping him hide money! That's weird? Don’t they do business with someone we know?
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