Setup News Ticker
Searching for 'Stocks Today'. (Return)

USA Today MoneyJul 07, 2020
Stocks on track to snap a five-day rally as virus cases jump
U.S. stocks pulled back Tuesday as investors weighed the prospects of a global recovery with spreading coronavirus outbreaks.       

MarketWatch MarketPulseJul 07, 2020
Deutsche Bank to pay $150 million fine over compliance failures related to Jeffry Epstein
Deutsche Bank AG has agreed to pay a $150 million fine for significant compliance failures in its dealings with Jeffrey Epstein. The agreement is the first enforcement action by a regulator against a financial institution for dealings with registered sex offender Jeffrey Epstein, according to the New York State Department of Financial Services, or DFS. The agreement also covers compliance issues relating to Danske Bank Estonia and FBME Bank. "In each of the cases that are being resolved today, Deutsche Bank failed to adequately monitor the activity of customers that the Bank itself deemed to be high risk," Linda Lacewell, superintendent of the DFS said in a statment. " In the case of Jeffrey Epstein in particular, despite knowing Mr. Epstein's terrible criminal history, the Bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions." Epstein, who committed suicide while awaiting trial on charges of sex trafficking and abuse of minors last August, used Deutsche Bank to make payments to individuals who were alleged to have been co-conspirators in sexually abusing young women, said the statement. The bank also handled settlement payments of more than $7 million and made dozens of payments to law firms for what appear to be legal costs for Epstein and others. It handled payments to Russian models, payments for women's school tuition, hotel and rent expenses, and payments to women with East European surnames, said the statement. Epstein also made periodic suspicious cash withdrawals of more than $800,000 over a four-year period. Deutsche Bank Chief Executive Christian Sewing acknowledged the failure ion a memo to staff posted on its website. "Onboarding the latter (Epstein) as a client in 2013 was a critical mistake and should never have happened," Sewing wrote.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Coronaviruscases vaccine positive million Fauci
StockRally Market China futures biggest
Covid-19cases million stock Vaccine Drug
StocksRally biggest Chinese China surge
KongHong TikTok Facebook Law Security
fundHedge Filer Right About Were
MillionCoronavirus cases loans COVID-19 contract
HongKong TikTok Facebook Law Security
LoansPPP business Small-Business received got
PandemicDuring coronavirus Business who businesses

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News Analysis Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News - China, Economy & Trade - Financial Markets - Hedge Funds - Telecoms - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC