Monitors appointed by New York regulators told Deutsche Bank it should drop plans to expand in Russia and shut its business there instead
Monitors appointed by New York state’s Department of Financial Services told the German lender it should drop plans to expand in Russia.
Nov. 26, 2020 5:30 am ETDeutsche Bank AG executives want to expand in Russia despite a legacy of missteps and massive fines. Outside monitors who watch over the bank’s money-laundering controls said it should shut the business instead, according to a person familiar with the communications.
The monitors, appointed by New York state’s Department of Financial Services,... Read more: The Wall Street Journal »
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Russia has well developed banking system with digital banks and good infrastructure. It is too late for Deutsce Bank Молодец How did someone who never left his basement get that many, just goes to show how corruption works. It’s going to be a long 4yrs. Good luck Joe How would they expand their lucrative money laundering business if they left Russia?🙄