from didn't use force thanks very much you're watching t w news still to come and germany's top lender in the doghouse in the u.s. will tell you what. has that story in all your business headlines coming right up. and i think one day this war will be considered cruel and unjust war but you know certainly all citizens will crain every man woman and child the only friend their homeland is the enemy invades. no one wants russia here the door mr new questions is the. rebel against the mighty global news that matters. v.w. made for moderns. make your smart t.v.

mordor. what you want when you want it hope to do extraordinary things and decide for itself. no more than dot com smore. back in the bad books storage banks u.s. subsidiary fails the fed's stress test the lenders new bosses vow to restructure the bank but shares have hit historic lows since his appointment also coming up ahead of latvia's the central bank is set to face prosecution for bribery we take a look at corruption plaguing the country's financial system. and the ugly side of business french cement joint charge with complicity with syria in a crimes against humanity. this is your business update on ellen on free

glad you could join me georgia banks u.s. division has failed the second round of the u.s. federal reserve's annual stress tests now a test was pasta by thirty one of the thirty five banks examined shareholders all continuing to question the overall health of germany's number one lenda share they've taken a tumble as the bank's new ball struggles to bring the bank back from the brink. georgia banks u.s. division had passed the first round of the stress test the quantity of section that measures capital levels against a severe recession in the second qualitative round of the test however the fed cited three critical deficiencies for deutscher. weaknesses in its data capabilities revenue and loss forecasts and its internal control systems. the message from the fed the us army suffers from poor management. the report comes

one month after the us deposit insurance regulator added the lender to a list of problem banks. germany's flagship lender has seen its image plummet in the wake of the global financial crisis ga has now posted a loss for three successive years with its share price repeatedly hitting all time lows. the bank stock is down forty percent this year alone. it remains unclear what the future holds for the american division. dodge's new c.e.o. recently announced the bank will be scaling down some of its operations in the u.s. . let's try to get some clarity now with our financial correspondent daniel copius at the frankfurt stock exchange frank that of course where do each of bank is headquartered and daniel is certainly a big blow to the bank and yet bizarrely shares appear to be up why's that. yeah exactly well sometimes i guess the market is very hard to understand helen now

those were certainly very bad news for the land pretty much a slap in through the face of daughter but still the shares are doing pretty good throughout the day at some point they were even the strongest performers here at the blue chip index doug i was talking a little bit earlier to and best for you were sharing with me that they were already pretty much prefer paris that deutsche bank would most likely fail this stress test on the other hand we also had this massive sell off this week that was taking place here on the stock market dortch of bank shares were dropping to actually record law only at the level of about eighty euros which of course for a lender that ones to play such a big international role is nothing so that's the that's one reason on the other hand we are doing a little bit better here today at the next we are back in the winning them this is happening because most likely investors are interpreting the latest results from the summit that is taking place right now on the european level could bring good

results for chancellor angela merkel and that's also here a relief for investors helena now let's take a look at some other news because bloomberg has been reporting that hundreds of bankers are being invested baked investigated by prosecutors for tax tax evasion tell us more about that. yes exactly and it's not just the bankers who are being investigated we're hearing that also brokers accounting companies and law firms are under suspicion as well those investigations include transactions that were handled by lenders including barclay goldman sachs bank of america cooperation and p. and b. reverse an initial dyckman are likely as soon as in the course of the year to expect we are hearing that the problem that the probe has been underway for about half a decade and it's picking up speed because several witnesses have agreed to cooperate with officials according to bloomberg

a team based in cologne and also here in frankfurt is working with prosecutors and and they are trying to get more information well what does all of this about all of this started about fifteen years ago a big bank supposedly helped investors exploited interpretation of the tax code that seemed to allow two parties to complain ownership of shares and the right to get a real get a refund of withheld in taxes pays on dividends so yeah that's what it's all about and we're monitoring all of this here very closely tricky business definitely one to watch. covering it for us from the frankfurt stock exchange thank you. well the price of goods and services in the eurozone hit two percent in june and that's a take higher than the may level of one point nine percent european central banks annual inflation goal is close to but just below two percent a jump in energy prices including oil fueled inflation followed by more modest increase in food alcohol and tobacco prices the cost of services and now on energy

industrial goods actually rose only slightly. well the european union has extended its economic sanctions against russia for another six months the decision was taken and during and e.u. summit in brussels the sanctions will now stay in place through until january twenty ninth until then companies in the e.u. will remain subject to restrictions on business dealings with russian banks and energy firms the sanctions are in response to russia's policy on the ukraine conflict in particular moscow's annexation of the crimean peninsula. this man behind me latch latvia's central bank governor will take to the stand to face accusations of bribery following an end to corruption probe the saw him detained in february in muslims of it has denied all challenges nevertheless levy has been beset by banking scandals it's find out sector has acted as a regional hub for cash from the four former soviet union since the collapse of

communism a makeshift shrine marks the spot in riga where a lawyer working on the winding down of a bank was shot dead he was killed while driving his car. inspecting the crime scene today r younis veda and antonio correcto who work for an anti corruption agency. the murderers cast an ominous shadow over long fields financial sector the killer and their paymasters have yet to be identified the state is in a high and interior minister said that there will be an assistance for other counties to search for the murderers and law and all that should not be a place again their next stop is the main offices of the bank which manages accounts belonging to citizens of the former soviet union the bank launder dirty money for years illicit funds were transferred to other e.u. banks or to offshore accounts. he flopped and banks did not properly check where

does money was coming from other banks in the european union or being in the international system would accept those money with all of. them unknowingly. in one case in twenty sixteen one point three billion euros disappeared without a trace from banks in moldavia hundreds of thousands of people lost their money triggering massive protests in the capital kishi no. bank was named as the culprit . they just send it into the bank. for maybe a couple of dollars maybe a day and then send it farther margret it spreads around the world the one point three billion euros has yet to be tracked down the line in government is now amending its legislation in an effort to challenge money laundering among the country's banks and the new generation of bankers also seems eager to end the criminal practice of the banks had. about thirty thousand

customers in the span of one and a hook here which for a total customer base of their own two million two point two million is a lot a.b.l. the bank has since been banned from trading in the euro or dollars owns latvia's banking regulator recently approved its liquidation. french cement supply has been challenged with complicity crimes against humanity as well as financing terrorism as after investigations into business practices in war torn syria now less fattush was already acknowledged some wrongdoing in the case law forces charged with paying almost thirteen million euros to jihad this including the so-called islamic state to keep a factory open in war torn syria the plant in july continued running long after other french companies had pulled out of the country investigators say the payments

were considered a tax in exchange for which militants allowed free movement of the company's staff and goods inside the war zone the company's complicity in the terror group's activities were uncovered by human rights groups. only company to remain in the region despite the region being controlled by the i.a.s. farce didn't take necessary measures to protect the safety of the employees of a syrian subsidiary people were abducted there were kidnappings there were murders also all of farces suspected of having financed. and thus a terrorist enterprise. accord in paris ordered laforce to hand over thirty million euros as a security deposit ahead of the trial it has charged eight former executives with financing a terrorist group and then danger in the lives of others far said it would take

legal action to get the charges dropped insisting that the company as a whole was not responsible for the company's statement says that law forced to firm measures as soon as they were informed and that none of the people charged is part of the company today. now say europe say with the latest from the world all business or more head to our website d w dot com right now here's a look out the global market small business news coming out night.

football is a simple game of motion for twenty two mansions a ball for ninety minutes and at the end the germans always win for all ball brawl feel. good. now for german song. the national team has to take a long hard look in the mirror up for the first one to win. more intrigue on the international talk show

for journalists to discuss the topic of the week can you resolve bitter divisions over migration jettison its longstanding humanitarian principles and turn its back on refugees time for fortress europe that's a. topic on quadriga. quadriga sixty minutes.

who've been fighting for decades to be taken seriously in the world of what appears has come out women strong. smart talks smart state religion bring critically dangerous touch. football is a simple game football is a simple game twenty two man she's a ball for ninety minutes and at the end the germans always win brawl brawl brawl. was hello i'm camilla welcome to at the end the germans always win they obviously don't germany lost two nil against south korea. the world cup two thousand and eighteen as over the defending champions. i'm welsh so this and this is this how.