deutschebank
Deutsche Bank AG (NYSE:DB) is under fire over the German giant’s decision to stay in Russia amid economic sanctions on the country stemming from the invasion of Ukraine. Other banks such as Goldman Sachs Group Inc (NYSE:GS) and JPMorgan Chase & Co (NYSE:JPM) have ceased operations. BacklashAs reported by Reuters, Deutsche Bank has decided to remain in Russia arguing that leaving would go against company values and that it must support the operations of multinational companies in the country. Q4 2021 hedge fund letters, conferences and more Chief Executive Christian Sewing told his staff on a n...
ValueWalk
Banking regulators around the globe were busy last year despite the Covid-19 pandemic. Like any other year, the regulators imposed heavy fines on banks and financial institutions for a range of indiscretions, including money laundering, tax evasion and market manipulation. It is estimated that total bank fines amounted to more than $14 billion in 2020, with the U.S. accounting for the majority of them with 12 bank fines. Anti-money laundering (AML) breaches were the most common violation last year. Detailed below are the ten biggest bank fines of 2020. Q1 2021 hedge fund letters, conferences a...
ValueWalk
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