that Deutsche Bank managers overruled compliance staff concerns in their dealings with Jeffrey Epstein, who is facing charges of sex trafficking.
Adding to headaches for Germany's largest lender: a handful of scandals in the last year, including having its offices raided, its alleged involvement in the Danske Bank money laundering debacle, and new attention on about $2 billion in loans to Donald Trump's companies. So far the employee has not been named by US authorities, and have neither accused them or Deutsche of any wrongdoing.
Deutsche bank managers overruled their concerns, the Times said, noting there was nothing illegal with the transactions and that Epstein was a lucrative client. Earlier this year, the bank ended its relationship with Epstein.On 1MDB, the bank said:"Deutsche Bank has cooperated fully with all regulatory and law enforcement agencies that have made inquiries relating to 1MDB."
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