Financial Crime Financial Crime

Comment: Deutsche Bank's Epstein, Danske settlement flashy for regulator, relatively cheap for bank

By Richard Vanderford
  • 07 Jul 2020 16:59
  • 07 Jul 2020 17:21
Deutsche Bank's $150 million settlement with New York over its ignoring red flags about financier Jeffrey Epstein has drawn large headlines, but the fine for the recidivist bank — which also resolved a massive but unrelated money laundering probe — was relatively small. The state's banking regulator praised Deutsche Bank's "exemplary" cooperation,

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