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by fwip 2578 days ago
Deutsche Bank is currently implicated in (or at the very least, relevant to) ongoing news regarding the US President's finances.

That makes it more newsworthy.

2 comments

Old habits die hard. Watch the movie 'Leon, the Professional, https://www.imdb.com/title/tt0110413/ , and you will know who you are. Old habits die hard. Cold or no cold/hot coffee.
So, are the Germans the new Russians then? Sounds like having failed to pin a dozen or so different crimes on Trump now his enemies are trying to harass his banks in retaliation for working with him? A classic strategy. Any bank can be found guilty of money laundering if the authorities want because the wording of the laws are so vague.
If you're interested, this dates back decades, and Deutsche Bank has been implicated in a lot of money laundering over the years.

If you're interested, there was a great podcast on the president's reliance on Deutsche Bank overlooking his never-ending bankruptcies and refusal to pay back loans, when no other bank would touch him.

https://www.npr.org/programs/fresh-air/2019/05/09/721726619/...

If you're not interested, you're just trolling.

I'm interested but I've also read a lot about money laundering over the years, and I know you could easily say "Barclays has been implicated in a lot of money laundering" or "HSBC has been" or "JP Morgan has been". Every bank has been rapped repeatedly because the laws boil down to "don't let criminals use banking services", which is an incredibly hard problem. Maybe Deutsche has a worse problem than other banks, I'm not sure, I'd want to see figures. But having seen how tightly linked AML is with politics, I'll reserve judgement on Trump and Deutsche.