that's according to three deutsche bank employees who saw those suspicious activity reports in deutsche bank's internal computer system. some of those reports involved mr. trump's llcs. at least one was related to transactions involving his foundation. but again, like the jared kushner situation from the summer of 2016, quote, deutsche bank ultimately chose not to file those suspicious activity reports with the government, with the treasury department. three former employees telling "the times" that that was, quote, unusual for the bank to reject a series of reports involving the same high-profile client. so i mean part of the reason that deutsche bank has been such a matter of intrigue when it comes to the president and his finances and the whole investigatory question of following the money is because deutsche bank, someone inexplicably kept doing business, hundreds of millions of dollars, billions of dollars of business with president trump when every other bank in the world would have nothing to do with him because of his financial history. deutsche bank kept giving him more money.

deutsche bank spokesperson gave this statement. we have increased our anti-financial crime staff and enhanced our controls in recent years and take compliance with the aml/bsa anti-money laundering and bank secrecy act laws very seriously. an effective aml program requires sophisticated transaction screening technology as well as a trained group of individuals who can analyze the alerts that are generated by that technology. both thoroughly and efficiently. at no time was an investigator prevented from escalating activity identified as potentially suspicious. furthermore, the suggestion that anyone was reassigned or fired in an effort to quash concerns relating to any client is categorically false. that coming from deutsche bank and also getting reaction of spokes people on behalf of president trump and jared kushner. the trump organization saying they have no knowledge of flagged transactions with deutsche bank and a spokesperson for the kushner company says an allegation of money laundering is made up and totally false. okay. tha

were you aware of that at deutsche? >> i can't comment on whether i knew about it, whether there was an open investigation, whether we don't have an open investigation. all i can tell you is that the information is out there and we will look at whatever information is appropriate, if there's something appropriate there. >> does that mean you're planning to look into it? >> senator, it's out there. people at the investigative agencies can look at it if that's what they want to do. i'm not saying i will look at it or won't look at it. >> if the information is there, why wouldn't you look at it? >> we'll take the appropriate action if action needs to be taken at all. i'm not saying if we're doing something or not. i think that would be inappropriate, it would be unfair to the individuals and to the institution. at the end of the day, whether we're looking at it or not -- >> how would you expect a complex bank like deutsche bank which has been under money laundering laws, which has a pretty sordid past. of all financial ins

a warning to deutsche bank employees.d, including a cut to investment banks. ,oday's shareholder meeting that areing businesses unlikely. the business was not included in that list. ghosn's fightos to prove his innocence has made it to the courtroom. allegations range from falsifying international records to redirecting company money into its own account. the trial is expected to begin next year. twitter.d on tictoc on this is bloomberg. equities, bonds, currencies, commodities. we have seen sterling weaker. with the solid 98 blended index. oil a little bit light as well. equities turning. the two year yield in the u.s. is worth watching. not down to new lows, but nevertheless, it should be right on the screen. 20% -- 2.20%. the united kingdom has .88. cable is sport, isn't it? francine: we won't say much more because of the election but it is a good way to look at it, tom. i am looking at asian shares a little bit earlier on. and we were kind of mixed because of the trade tensions between the world's largest economies th

want deutsche bank.trading around the low range, after pmi's did not really go anywhere. joining us is city managing director and chief global fordham.tina what will be at stake during parliamentary elections, given the backdrop of lower growth and the trade war? tina: well, we are the headline will be after that he you parliamentary elections, it has pretty much are ready been written, that will be that the vote share of populist parties in europe will have gone up relative to the last parliamentary elections. that is the reason why most of the questions i am getting from investors right now are whether the rising populism will somehow undermine the functioning or even break up europe. but there are more steaks than that. alix: but that is a lot of stakes too. what are you telling investors, and what is worse than that? tina: what is worse than of morelists getting votes, it would be progress toward undermining the cohesion of the union over all. what is more at stake is the functioning of e.u. institut

let's look at deutsche bank. here is a 10 day chart.eleration to the downside, right now trying to hold it at 6.61. that is a euro-chart based as well. much more to talk about on "bloomberg surveillance" through the day and through the week. europeang towards elections thursday. much more going on in washington. and futures, -18. stay with us. this is bloomberg. ♪ ♪ president trump threatens iran. saudis say they don't want a war. a tech cold war. companies stop selling software to huawei as president trump says he's "very happy" with the trade war. and elections from india to australia have one thing in common. prime minister narendra modhi could retain power. david: welcome to "bloomberg after the lastay episode of "game of thrones," which we are not telling you about. alix: no spoilers. it's going to be ok because i've not seen it. david doesn't care, but i didn't see it. no spoilers. can i make it 24 hours without knowing anything? i think it's possible. david: the question is what does hbo do next

does deutsche bank's reputation matter to the people with power inside deutsche bank or does access totrump and his business empire matter more? >> i think at this point reputation matters greatly to them. i feel obligated to mention that none of the material i've seen, i've spent more than a year investigating this, suggests that russia has infiltrated the bank or there's some kind of conscious effort to help donald trump through funneling russian money to them. but i think the bank is in a mad scramble to salvage its reputation. it's been banged up but repeated regulatory scandals and financial scandals. they're hoping by cooperating with congress now they can begin to repair some of the damage. >> everyone that gets in needine minimum. david your reporting is great, we're glad to ha keeps getting schooled on the world stage? his former secretary of state tells all on capitol hill. that's next. e tells all on capitol hill. that's next. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your comp

there's been interest at deutsche bank.re was also a story about deutsche bank asset manager potentially tying up with ubs asset manager and the banks discuss this. that is the big surprise. however, this was only a very preliminary stage. it was abandoned. they only disgusted briefly and it did not happen. vonnie: why not? how many barriers were there to that happening was a regulation question, a price question, a valuation question? steven: i think it was all of the above. i am not sure what the deal breaker was. in european banking m&a's there are big regulatory hurdles. there's also the question for deutsche bank investors, do i want to merge with another bank. deutsche bank stock is trading at an all-time low. price-to-book ratio is extremely low for the bank. that is another thing. the leadership issue, all of those questions would have been extremely difficult to solve. they all play a role. vonnie: it would've been a powerhouse if it had happened. it is a very attractive proposition to think big instead of small. i

deutsche bank, 6.66 euros.jonathan ferro. this is bloomberg. ♪ ♪ no moreease sir, tariffs. and kindness fight song, no -- and china's fight song, no u.s. bullying. chairman on the chopping block. top investors are discussing pushing the exit outside of thursday's general meeting. david: welcome to "bloomberg daybreak" on this tuesday, may 21. we have kohl's adjusted earnings-per-share. it is ticking down right now in the premarket, just about 6%. root jcpenney, though, rim -- though, remember that great quarter? it doesn't look like it held up. sales down

she's already investigating deutsche bank. pa there a host of different financial committees and subinvestigations ongoing in the democratic-controlled house. >> deutsche bank has been cooperating, right, kevin? >> deutsche bank has been cooperating with these investigations but the question becomes, was there anything in place at deutsche bank that would have, you know, maybe prevented them from doing that? is there's a lot of questions surrounding deutsche bank in particular about their relationship, not just with various organizations, trump organization, but also with a host of other different fronts. they've been under the fire for lack of a better term. >> dana, we've heard the name, deutsche bank before, so many times as we mentioned. this is not the first time the president's relationship with the bank has set off some concern. >> right. >> yeah. it sort of shows why this effort to keep mueller away from testifying to shut down investigations, it's just not going to work. so apparently, there are payments from kushner

finally, deutsche bank now at an all-time low.ion here ahead of the agm, are they going to keep the chairman, is he going to be sent out of the firm? that is under focus. annmarie is live there. it will be interesting to see how that folds as the agm continues. anna: thank you so much. let's talk about a company that has reported numbers today. the stock is falling after weaker guidance from the business as it reported earnings that beat estimates. joining us now is the ceo of tate and lyle. we start with today's shareprice performance. falling in part because of the weaker guidance. were you intending to guide a little weaker for the market? nick: we have posted solid results ahead of expectations and the business is strong, especially in the food and beverage. importantly, volume growth was strong in north america. up 15% in emerging markets. guidance just reflects the company's short-term headwinds in the business. the primary products business in north america is facing a little bit weaker demand in the short term and we are l

this is deutsche bank.tatement. they have been under investigation for money laundering activities involving treasure. this is deutsche bank. we've increased our staff and enhanced our controls and take compliance very seriously. but that said, can you speak to that? what's the bank's. o. when it comes to activities like money laundering? >> right. in january of 2017 deutsche bank got hit with huge fines with regard to the russian mira trading money laundering activities they engaged in. new york state department of financial services hit deutsche bank with about a $425 million fine, and the uk's department of financial conduct also hit deutsche bank with about a $207 million fine. but that was focussed on the money laundering activities occurring in the moscow branch of deutsche bank where they traded stocks with over in london, and then the money would go out worldwide, offshore. what i like to draw viewer's attention is a $41 million fine asserted by the federal reserve against deutsche bank in 2017 wher

deutsche continued to do business there.siness he did there -- the business that deutsche did in russia is directly connected to president trump or the kushners. but the fact that it was humans who overrode -- there's automatic controls put in place. you said this, but i want you to go through it a little slower for our audience. >> sure. >> the deutsche bank has an automatic control system, right, around know your customer. when they catch illicit activity, right, a customer that's doing something that seems out of character, out of favor, and doesn't make sense and it's immediately reported, deutsche doesn't get in trouble for that. in fact, the customer may not get in trouble for it. but the bank wants to cover their own hides and say, let's make sure. have they given any reasoning why individuals in the banks, managers, would have overridden that? >> they have not. now, the story quotes the whistleblowers as saying that the private wealth division, which was lending trump the money, dismissed these concerns as overblown

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and potentially it's illegal for deutsche bank.p's banker had any influence on this. but "the new york times" isn't necessarily clear on that. but that's definitely something regulators should look into and they've had their eye on deutsche bank for some time. >> one of the women who spoke up, long time anti-money laundering specialist said she was fired after raising concerns. the bank says no one was fire for the raising a concern about a client, but does that smack of retaliation? >> well, it does have a whiff of retaliation to it. what she can make out in court is a different matter in the evidence would depend on what she can proffer. it looks suspicious and the on the optics aren't great. >> when it comes to deutsche banks, "the times" put it generally lacks approach to money laundering laws. lanette, can you speak to that? >> the biggest red flag here is deutsche bank has been in trouble with european regulators and the federal reserve and new york state for laundering money for prominent russians with connections to vladimi

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parts of of the few deutsche bank that actually is contributing positive leads.ost people say it is not a good idea. concernse ever capital , sort of reason, it would certainly be an announcement they would sell at li to a reasonable -- for a reasonable price. that would be an issue again. vonnie: at what point will deutsche bank have to come out and defend this price? >> they do it all the time. they acknowledge the ceo as repeatedly -- he has repeatedly maoist the share price is not good. the progress he is made over the past year he has been ceo for achieved 2018 targets. he is saying it is not fair representation of the internal view that the management board has had the share price. we will continue to watch the story. aronsn -- stevens checking in. if it wantss ruin to fight the u.s. according to president trump. he says if they want war, it will be the official end of iran. he later told foxnews he does not want iranians to have nuclear weapons. the president suggested he has been looking for military confrontation. they wanted to refer the matter to a fin

president donald trump tells deutsche bank not to hand over his financial records in an attempt to block a congressional subpoena. also want to show investors by just an earnings report from apple i phone sales are down but services are off. and millionaires playground monaco want to go green and not just from all that money. under the law in berlin while the leader of the world's most powerful country is suing germany's flagship lender donald trump hopes a lawsuit will stop dortch a bank from handing over his business records to congress democrat what democrat led committees subpoenaed the documents last month betting that if the president has financial skeletons the german bank knows where their bird. the lawsuit is a trump family affair with the president's three eldest children also filing suit against georgia bank germany's leading financial institution provide a mass of loans to the trump organization when other banks were put off by the president's multiple bankruptcies. the congressional committees are interested in where the door to a bank was expecting something in return or wh

the president owed deutsche bank $300 million. we just learned that deutsche bank was experienced suspicious activity reports, they flagged behavior in the accounts of both president trump and mr. kushner that gave rise to concerns about possible money laundering, fraud and other things. quite simply, the bank did not follow proper procedure with dealing with those suspicious activity reports. >> i'm glad you brought that up. i read that article twice. i came away thinking, i can't zero in at how often these suspicious activity reports get generates and how often they get ignored as a base rate comparison to how weird this is that deutsche bank was doing this. what is your takeaway or what information do you feel like you need to have to draw a conclusion? >> two things i would say. one, that suspicius activity reports are not uncommon. what they are designed to do is be a device that triggering additional examination and investigation by the bank. here what we have been told is the bank willfully decided to ignore those suspiciou

his relationship with deutsche bank has gone up and down over the years. know all the details and whether there are guarantees. he has 5552 llcs on his financial forms west don't know the details of that. he sow you look at this. and we argue about his tax returns. the tax returns are 5% of his financial picture. and now it turns out this story about dave enrich of the "new york times," that inside deutsche bank, at the ground level, people keep an eye out for shifty deals. file reports saying we see transactions here that look like they need more of a look from u.s. regulators. it is our job to report. they go up inside the bank and senior people say, no. >> okay. give me motive. why would the top people not want to act on what they see a shady business? >> because he's one of the best clients. because they're protecting someone. they have the discretion and these transactions are not evidence of wrongdoing of the but the whole system to prevent money laundering is based on banks first reporting what they smell as something funny. this is what happened wi

time now for a quick break but hang here because when we return deutsche bank is back in the hot seat as it can face fire from shareholders over its recent scandals correspondent alex mail that takes us through what the bank may be facing just a few weeks after the collapse of its major merger plus bad news for a client as a major change has been hacked forty million dollars worth of kryptos has gone missing currently and less than one pilot doesn't delve into the details of the hike and what fits the mean for markets going forward and as we get a break here the numbers at the closing bell. after the previous stage of my career was over everyone wondered what i was going to do next. different clubs on one hand it is logical to go from fields where everything is familiar on the other i wanted a new challenge and the fresh perspective i'm used to surprising. you. i'm going to talk about football not the or else you can think i was going to do it . by the way what is it that's lying here. this is a stick from the water bottle found in the stomach of the fish the brand is sponsor of the c

deutsche bank help the trump organization finance multiple projects to the tune of more than two billion dollars that includes trump hotels and can see you know resorts in atlantic city the trump international hotel and tower in chicago a golf resort in miami almost a billion dollars for the avenue of the americas building in new york and the trump hotel in washington. the democrats want to know why trump and door to bank had such close ties. to their relationship with deutsche bank is that unusual why would they go into him billions of dollars he filed a lawsuit against him oh no other way would legitimately but they have done so and why was this happening i think we need to find out. the democrats are also examining whether donald trump is financially dependent on russia they believe money laundering could be involved and tortured bank may have made such transactions possible the frankfurt based lender has already handed over some financial documents regarding the u.s. president to investigators and plans to continue doing so deutsche bank said it would have bide by all court orders re

to their credit deutsche bank is actually cooperating with the investigation.chairman schiff will have full support from folks like myself and others in trying to enforce our subpoena, but i think that just as we saw in the oversight committee ease case with regard to the mazars accounting firm and turning over financial records, the trump administration has to realize they may try to delay the turning over of these records, but the courts have something to say about this as well, and the mazars situation, the court expedited the process by which the records might eventually be turned over to being could. similarly i hope the same occurs here with regard to the deutsche bank records. >> can i just ask, congressman, you mentioned russia. have you seen something on the committees that would imply or tell you that this is russia or are you going off the public reporting. what's your sense that have? >> are you talking about with regard to the "new york times" story? >> yes, sir. >> yes. that is what the rank and file officials said that they saw which was question

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but in the deutsche bank one, this is interesting. now that the judge in the mazars case, in the accounting firm case, has decided that he's going to go fast and he's going to combine all the procedural hearings with the hearing on the merits, he's going to rule from the bench right away, now that that's happening in the mazars case, in this twin case involving the banks the intelligence committee and the financial services committee are now asking the judge in that case to do the same thing, to also go fast, to consolidate the hearing schedule, to go right to a ruling on the merits, to not allow this lawsuit basically to be used for unnecessary delay. in making that argument to the judge in the deutsche bank case, though, they also make -- excuse me. they also make the substantive case for what it is they are investigating. the congressional investigators who have given these subpoenas to deutsche bank and capital one, they substantively explain why they have subpoenaed these banks, what it is exactly about the president that they ar

time now for a quick break but hang here because when we return deutsche bank is back in the hot seat as it can face fire from shareholders over its recent scandals correspondent alex mail and its takes us through what the bank may be facing just a few weeks after the collapse of its major merger plus bad news for a major change has been hacked forty million dollars worth of. cuts are currently at less than one doesn't delve into the details of the hike and what this could mean for declining market. and as we get a break here the numbers at the closing bell. after the previous stage of my career was over everyone wondered what i was going to do next. different clubs. home fields where everything is familiar. i wanted a new challenge and the fresh perspective i'm used to surprise. you. i'm going to talk about football not for you or else you can think i was going to go. by the way what is the. recent report from the u.k.'s foreign office highlights in detail the persecution of christians around the world in the middle east the cradle appreciated the christians face extinction. politica

they did not want deutsche bank to release the documents, i'm sorry.so pleased about all of this. i'm really in a state of shock about it. but they tried to keep deutsche bank from giving up the documents that we subpoenaed. and so the judge said, no, he did not agree with them. now, the judge didn't rule on the merits of the case. and so now that trump has appealed, and i understand he filed an appeal as of today, then we're going to have to deal with that appeal. and so the judge will rule on the merits of the case later on after the briefs have been done. we're hoping in july there will be oral arrangements we were we will win on that. >> do you view this as an attempt to run out the clock? there is a concern that the process has been slowed in the courts and even if you are winning in the courts, the administration is able to hold things out and run out the clock for a long period of time. >> yes. as a matter of fact he has a reputation for running out the court. it is sad that during the time he has been involved with all of these cases that have

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deutsche bank faceces lawsui f r alleged money-laundering and interest manipulation. that costs money and hurts the bank's reputation. sarah: celebrations have kicked off to mark 70 years of germany's postwar constitution, known as the basic law. it comes into effect on this day under the supervision of the allies. now it is considered the foundation of german democracy. the main festivities took place in front of the brandenburg gate complete with cake and a whole lot of balloons. leading the celebrations was the german president, noting that his countrymen know too little about this hugely important document. all this week, dw has been looking at how people translate the basic law into every day reality. this week, we focus on the guarantee of freedom of expression. we met with someone who is originally from iraq to see how he uses these rights to say what he wants and sometimes to provoke. >> i left my country because of freedom of expression. it was always and still is very important to me to be able to express my opinion. >> on the a --h -- ahmed had to flee his

and this comes down here from what we're hearing, but please fill us in, about deutsche bank and access to financial records with donald trump and his bank. >> reporter: that's right. we have confirmed that attorneys for president trump have come to an agreement with house democrats to essentially stay the subpoena request for documents as it relates to deutsche bank and capital one. let me read you the statement that i got from jay sekulow moments ago who told me by phone, i can confirm an agreement has been reached with the house regarding a stay of subpoenas pending appeal. it has now been filed with the court. sekulow also says that the lawyers have agreed to an expedited appeal process, however adds the court will set the final schedule. that is the critical point here, that this is ultimately going to be up to the court to set the final schedule. this is the latest in this bitter back and forth between the president and his attorneys and the white house and democrats on capitol hill who have been requesting information and documents about the president's financial records, but als

snp with donny deutsch. >> that's rock 'n' roll music. that's your show music.tage of bernie sanders from his cable show in the 1980s. it has been found. you have to see it, next. >> a dark and dismal saturday. let me say that is an interesting hair do. resting hai. you should be mad at tech that makes things worse. but you're not, because you have e*trade whose tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad, get e*trade. be right back. with moderate to severe crohn's disease, i was there, just not always where i needed to be. is she alright? i hope so. so i talked to my doctor about humira. i learned humira is for people who still have symptoms of crohn's disease after trying other medications. and the majority of people on humira saw significant symptom relief and many achieved remission in as little as 4 weeks. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have

is deutsche responding? >> one of the employees essentially said that she was fired after flagging these transactions, which suggested there was some kind of retaliation. deutsche bank did shoot that down. the bank is saying that it had nothing to do with that. at no time was there an investigator prevented from investigating activity. furthermore, the suggestion than anyone was reassigned or fired in an effort to quash concerns relating to any client is categorically false. that's deutsche bank. the kushner company had a much more pithy response. they said "the new york times" tries to create scandalous stories which are totally false when they run out of things to write about. i have not heard back from the trump organization yet. but you know, this is just an example of why deutsche bank needs to be very careful, because -- >> they have come under a lot of scrutiny. >> this is another negative headline for them. they're facing fines in europe because there were potential implications that they were someho

look we have brought deutsche bank back into the black we haven't reached our goal. would you go unplugged we now have the fundamentals for a sustainably profitable back carbon bank but there's a lot of work to be done the investment banking unit is enormous and it hardly makes a profit and deutsche bank faces lawsuits for allegedly money laundering and interest manipulation that costs money and hurts the banks reputation. there have a visit to hong kong you are likely to encounter joe it's the city's favorite pastime played on the streets adding gambling rooms which are often illegal the game is so much part of the city's identity officials declared it part of hong kong's cultural heritage but the games decline began almost as soon as the government made that announcement today shows just before their cell phones and video games which of course eats into my junk time i did do some traditional crafts . a master craftsman at work. king is one of hong kong's last remaining mahjong covers. he's tardy store graves every tall by hand and a normally in an era of mass produ

deutsche bank, his taxes? the southern district that worries him more than anything. in terms of the congressional investigations, he does not want people having this information. but there are, as you know, a bunch of schools of thought as to why that is. is it because there's a bunch of sources of questionable income? foreign income? or is it going to show he's not that wealthy. i just don't know the answer. i can see donald trump digging in because other people want what he doesn't want to give them and sort of causing this self-inflicted wound. it doesn't help him if these documents come out closer to the election if there's something bad in them. if there's not something bad in them, it might be more problematic for democrats, i don't know. >> i don't think he can walk away quickly what he said today. we go down the legislative road or the investigative road, we can't do both together. he's sort of drawn a line in the sand, he can't defend that. i don't think he can easily say we're bluffing. >> we'll see

you're talking deutsche bank, $2 billion over 20 years.ly records. >> yes, between this and the accountant subpoena that we talked about day or two ago there is going to be some sort of a financial x-ray taken of the president. the committees in congress are getting to see much more information than they could have possibly hoped for. >> because this isn't just business, this is personal, everything. >> yup. yup. if he is getting money from some suspicious source it will be visible in this record. i wonder even if the notes that the deutsche bank anti-money laundering people -- there was a story a few days ago about suspicious activity reports that were considered by the deutsche bank compliance people. will the notes be in the file pointing the way for congress to see what was suspicious about the accounts. >> kari what do you make of this that you have the two rulings back-to-back? one cht judges was critical of the kplt for having such a broad subpoena but went ahead and ruled in their favor? what does this mean when you look at all of

sources are telling me that deutsche bank still is expecting him to get it from shareholders, but atvel they are expecting some 60% of shareholders to vote in favor, which would be a very poor result at the same time the management board is clearly under very much pressure to show that they also can boost revenues, not only cost cut costs clearly, that's a key problem for deutsche bank. also, the question whether u.s. investment banking does not need a substantial shrinking will be a crucial topic at the agm on thursday that's back to you >> thank you very much worth just noting. >> one of the bis divers of all time -- he returned to the track in time to claim the second title with -- the austrian also set up the airline and recently sold his stake in motion to ryanair. his family said he passed away peacefully adding his achievements will remain unforgettable. (client's voice) remember that degree you got in taxation? (danny) of course you don't because you didn't! your job isn't understanding tax code... it's understanding why that... will get him a body like that... move! ...that.

deutsche bank needed commerzbank so badly and for that not to happen i think was problematic deutschenk used to be you need low cost funding, that is the shop to get the low cost funding. it was that way for 20 years as long as i was on the street. that changed in 2016 so i agree with this call. i think it is problematic that they were not able to merge with commerce bank. and i think that there is going to be a potential problem. >> i don't know why anyone would want to own deutsche bank. there are so many banks out there. you could say selling such ridiculous back value, but clearly thit isn't clear i don't own any. >> you onts own adon't own any ? >> i haven't owned any for a while. owned citi a while ago i got out of citi pretty well actually but my play is visa. so that is not really a financial stock. it is more of a consumer growth stock. >> that quality momentum stock >> it is not momentum at all >> quality momentum name we were talking about. glad you revisited that. >> my pleasure but i just think you might as well own a bond proxy. but you that is all they are >> i'm going

about the deutsche bank concept. and there is a whistleblower but would a strong whistleblower provision in any money laundering legislation assist you in the department and others? >> senator, i believe it would, devil is in the details . >> i gotcha, that's all i need . >> let's go to their customer due diligence rule in effect over a year now and requires companies provide banks with information on their owners and i think that was a nice step forward but it also may be shows if you limit of the ability to have access to information. i have a number of issues i can go through but rather than talk about that, can you and ms. garner address a little bit how a federal beneficial ownership, could help complement the cdd rule? >> it supplements the cdd rule because it looks for a different kind of information from different places and it also supplements the rule by acting as a verification and you can bounce it off each other. if the information is incorrect it gives you a red flag that something may be afoot, those a

and because we have brought deutsche bank back into the black we haven't reached our goals. would you go on we now have the fundamentals for sustainably profitable back. but there's a lot of work to be done the investment banking unit is enormous and it hardly makes a profit and deutsche bank faces lawsuits for legit money laundering and interests manipulation that costs money and hurts the banks reputation. plans for a $10000000000.00 port in tanzania have stalled local officials have reportedly failed to reach an agreement with the construction firm china merchant holdings international the new port his aim to turn tanzania into a regional trade hub authorities say the project could help reduce congestion in the commercial capital. ginia has backed several such projects in africa which out of its belt road initiatives. will strategists from both sides of the atlantic a meeting in berlin to talk about doing business in africa and challenges a big so is the interest of global foreign direct investment fell last year by nearly 20 percent africa but that trend the united natio

deutsche bank saying at no time was an investigator prevented from escalating activity identified asotentially suspicious. firurthermore furthermore, the suggestion that anyone was reassigned. president trump is going to be heading to the battle ground state of pennsylvania a little bit later on today. as you know, sometimes he takes questions before he leaves. so we are going to try to get some more from him on all of this. >> barbara mcquaid, the story suggests that the folks at deutsche bank were kept from escalating it. they got no response did they feel like action was taken. we know the president's finances are getting a closer look in new york. this shines potentially a little more light on how some of his companies, some of the cushner related companies operate. do you see dangers here for the president? >> certainly, there are red flags. congress has served a subpoena on deutsche bank to get bank record and try to get a better understanding of president trump's entanglements with russia. we know he has filed a lawsuit to prevent that disclosure. he is clearly very concerned

also on the show deutsche bank's board faces off with investors who are angry over the lenders corporate and legal woes how bad is the mood tell you how investors reacted . and the head of the european parliament elections what's on the mind of europe's youth well jobs for one will bring your report from paris. welcome to d business i'm stephen beard's in berlin thanks for joining us the boeing 737 back has been grounded for 2 months following fatal crashes in indonesia and ethiopia boeing has yet to present a critical software update to american regulators who say they'll need some time to certify the plane they're under pressure from global airlines bottom lines demand they get the plane back in the air. the boeing 737 max will remain on the tarmac until the regulator is convinced the aircraft is safe the 737 max was grounded following the ethiopian airlines crash in march just months after a similar liner disaster in indonesia in all 346 people were killed. the f.a.a. is meeting over 30 international air regulators including china the e.u. brazil and canada to discuss a software fix a

deutsche bank hitting back quite strong.eutsche bank. it's potentially facing fines in europe connected to a large money laundering scheme connected to russian individuals. we know it's being sucked into investigations related to the trump organization. both by the new york a.g. and by members of congress. so this is just another negative headline for deutsche bank. >> right. okay. it's worth a read, for sure. thank you for the reporting. we appreciate it very much. >> so, to iran. firing back after the president launches a new threat on twitter. the details aahead. we're family. we'd do anything for each other. but this time... those bonds were definitely tested. frog leg, for my baby brother don't frogs have like, two legs? so they should have two of these? since i'm active duty and she's family, i was able to set my sister up with a sweet membership from navy federal. if you hold it closer, it looks bigger. eat your food my big sis likes to make tiny food. and i'm okay with that. navy federal credit union. our members, ar

here are some other business stories making news today on deutsche bank donald trump has failed in his bid to block the lender from providing financial records to democrats probing his businesses a u.s. judge said congress can demand the records as part of a larger and best a geisha into election meddling by russia the german bank reportedly lunch over to a $1000000000.00 in the last 20 years. the u.s. aviation regulator has still not received the boeing's proposed fix for the $737.00 max aircraft the models entire fleet was grounded worldwide after 2 crashes and 5 months which claimed the lives of nearly 350 people in both cases the faulty software has been blamed for boeing said it had finished making changes requested by the federal aviation administration last week. and shareholders have rejected proposals to limit an audit of the company's facial recognition service internet giant has been at the center of a heated debate over the use of the technology which critics call an invasion of privacy the proponents say the benefits outweigh any concern. brazilian group and the tour says

torch upon a tradition on was called deutsche of ice back then. we played a key role in organizing everything. because of this organ is yet to this day we are ashamed that you can talk that's why joint projects like the one at yad vashem are so important construction of the new complex is set to begin at the end of the summer with the opening slated for twenty. he won. fans of t.v.'s game of friends have been flocking to crew asia in particular dubrovnik on the coasts can a real medieval town cope. with. tourists visiting dubrovnik enjoy acting out the scenes of the popular us series game of thrones at the spots where they were actually shot the tour guide mario surf takes some to the film locations the tour cost twenty euros per person he now has three employees the business is booming last year one point two million people visited dubrovnik it's not just that you. knew it. you were just one here you can call it would seem here we did big a star should come on here all day. every morning tourists converge on the old town. during high season aroun