how corrupt is deutsch about. past that question straight on do you clearly dodge about its business model has involved a lot of smoke and mirrors your opening statement said the bank was just beginning to recover really. day that's a good time at the beginning of the year the price did actually rise which hasn't happened in the minutes seemed that fine was stabilizing but then of course $2.00 things happened one was the crisis which which which hits the fan quite badly. this thing be faced revelation so it doesn't really look as if stabilising anytime soon so matthew recover. in share price is one part of the issue but of course to recover is also a question of whether they can recover internally from what you described as a very problematic corporate culture where is that coming from well it just comes from the history of the bay quite frankly i mean this is nothing new there have been you know books written about the corruption at deutsche bank. and it continues you know if you a few years ago i reported on a s

prominent names from united states president donald trump on one side of the atlantic to germany's deutsche of bunk on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic money laundering all guards terrorists how corrupt are the banks. welcome to to the point it's a pleasure to introduce our guests daniel drucker is editor in chief of buzz feed news germany and he says the suspicious activity records give banks a free pass to keep moving dirty money then collect the fees. and it's a pleasure to welcome our few carnatic to the program he's chief europe correspondent for politico and he believes this councils are just the latest indication that germany's banking sector is neither financially nor culturally sound. and great to have with us as well then to lena fun period oh she works for the british economist and she thinks justice do much of it was finally starting to recover the revelations related to its involvement in money laundering in the finance and files are a huge setback. so let me begin by asking about the b

and it's good to have you with us a german lender deutsche bank is no stranger to scandal paying more than $10000000000.00 in fines and settlements over the last decade for everything from dodgy mortgage backed securities to money laundering but the bank has supposedly cleaned house now a trove of leaked files sheds new light on past transactions and raises the possibility of new scrutiny from regulators. for years customers from russia and other former soviet states funneled money into the western financial system via too much of bank the so-called near a trade scheme unraveled in 2015 the bank later paid a settlement of more than $600000000.00. joy. was found to have been engaging in a variety of suspect trades involving as much as $10000000000.00. the bank didn't seem to be a victim they seem to be a participant in these mirrored trades back then don't you bank promised to clean up its act now u.s. financial documents reveal that the bank itself estimated internally that this is vicious trades amounted to $16000000000.00 and that it could have still been involved in the dealings un

prominent names from united states president donald trump on one side of the atlantic to germany's deutsche of bunk on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic money laundering all of arks terrorists how corrupt are the banks. to. come up. welcome to to the point it's a pleasure to introduce our guests daniel drucker is editor in chief of buzz feed news germany and he says the suspicious activity records give banks a free pass to keep moving dirty money then collect the fees. and it's a pleasure to welcome our few carnatic to the program he's chief europe correspondent for politico and he believes this councils are just the latest indication that. germany's banking sector is neither financially nor culturally sound. and great to have with us as well then to lead a fun creative she works for the british economist and she thinks justice do it was finally starting to recover the revelations related to its involvement in money laundering in the finance and files are a huge setback. so let me begin by asking abo

how corrupt is deutsche bank. pass that question straight on to you clearly dodge about its business model has involved a lot of smoke and mirrors your opening statement said the bank was just beginning to recover really. day that's a good time at the beginning. price did actually rise which hasn't happened in the minutes seemed that fine was stabilizing but then of course 2 things happened one was the crisis which which hits the fan quite badly and now this thing the face revelation so it doesn't really look as if stabilising anytime soon so matthew recover. in share price is one part of the issue but of course to recover is also a question of whether they can recover internally from what you described as a very problematic corporate culture where is that coming from well it just comes from the history of the bay quite frankly i mean this is nothing new there have been you know books written about the corruption at deutsche bank. and it continues you know if you a few years ago i reported on a story where you had

dollars and we we don't know but maybe some executives at deutsche bank maybe they know. well one would think that you know you can follow you know tongue in cheek i said we need to follow the rules but we don't know for sure i will tell you that a very good journalist associated with the new yorker and of davids who wrote a long piece about connections with us or by john and money laundering going through some of the. figures there the miscreants there which apparently indicated a great interest in golf courses. you know might have some ties here as well and of course we also have reason to believe that trump in decades past had gotten loans from russian sources if you look at the president's relationship with vladimir putin and the actions that he's taken including the promise to withdraw troops from germany that serve the interests of mr putin and russia we have even more to be concerned about you know our constitution has in it was is that we call emoluments clauses right now the main one is to prevent a major figure especially a president from getting anything of val

prominent names from united states president donald trump on one side of the atlantic to germany's deutsche of buck on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic money laundering all of arks terrorists how corrupt are the banks. going to. come up. welcome to to the point it's a pleasure to introduce our guests daniel director is editor in chief of buzz feed news germany and he says the suspicious activity records give banks a free pass to keep moving dirty money can collect the fees. and. a pleasure to welcome matthew carney chik to the program he's chief europe correspondent for politico and he believes these scandals are just the latest indication that germany's banking sector is neither financially nor culturally sound. and great to have with us as well then to lead a fun creative she works for the british economist and she thinks just as doing was finally starting to recover the revelations related to its involvement in money laundering in the finance and files are a huge setback. so let me begin by askin

today, cat andress is working that deutsch helped a companyh called matriarch develop.s made from discarded vegetable bits that the company buys from distributors. another student, anna wilson, is rkwoing with flour made from sunflower seed shells. the flour has a nutty flavor and iofs a good source rotein. she hopes to perfect a crunchy >> weusing it for selective eaters. ildren on the autism spectrumo efer crunchy, crispy things, often don't get enough f protein, becauseu think about protein-- meat and daid , and tofuans, and peanut butter-- a lot of protein soces are mushy. >> reporter: according to deutsch, upcycling is here to stay. he is working with a group called the upcycling food association to conduct focus groups. oneoal is to determine whic symbols may work best to label these products and make them stand out as "upcled." within a few years, upcycled corner of the food, butttle you'll see a major cereal box, or potato chip or a pasta sauce manufacturer with an little "upcycled" lo, and it will be just as normal as seeing an organic logo. >> reporter: one st

prominent names from united states president donald trump on one side of the atlantic to germany's deutsche of buck on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic money laundering all of terrorists how corrupt are the banks. of the earth. welcome to to the point it's a pleasure to introduce our guests daniel drucker is editor in chief of buzz feed news germany and he says the suspicious activity reports give banks a free pass to keep moving dirty money on collector fees. and it's a pleasure. here to welcome matthew carnatic to the program he's chief europe correspondent for politico and he believes these scandals are just the latest indication that germany's banking sector is neither financially nor culturally sound. and great to have with us as well then to leave the fund prieto she works for the british economist and she thinks justice do much about it was finally starting to recover the revelations related to its involvement in money laundering in the finance and files are a huge setback. so let me begin by

deutsche bank standard chartered j.p. morgan chase and bank of new york mellon were implicated over almost 2 decades the 5 banks had a rich themselves and their shareholders while facilitating the work of terrorists kleptocrats and drug kingpins the report said so of course i mean we cover this all the time we've been covering we covered precious metals manipulation over and over we had guests who pointed out exactly how it was happening where it was happening at the exact seconds that it was happening and it took you know they got still billions of dollars and then they had to pay back some of that and this will happen you know again this time because of course fence and will have to be seen to be doing something they have to respond to this report and do something in the crackdown but they won't crack down on j.p. morgan and deutsche bank and h.s.b.c. it will seem like it to the news to the to the you know ordinary voter think wow deutsche bank paid $2000000000.00 is a lot of money but of course it's going to be back to

did your bank accounts for over one trillion counts for i should be very careful here my wording deutsche bank is involved in so mixed to some extent in over one trillion dollars worth of these transactions now what they are implicated in is that there are in many instances involved in transactions in some cases involving criminal activity now it's not the case that deutsche bank or directly accused of course of being involved in the criminal activity but that they facilitated it so for example they may be were acting as what's called a correspondent bank they gave the seal of approval to transactions that were ultimately criminal one big example that sticks relates to the sanctions against iran that were brought in by the us so there was an iranian turkish gold trader who has been found guilty in the united states of helping iran avoid sanctions and one of the big data drops here shows that deutsche bank was involved the scylla taking several of those transactions between 2. banks which ultimately was money which made its way to iran even though it shouldn't have and there are other case

order thing at the time he did not raise the alarm but subsequent external investigations deede deutsche bank says it is since toughened its internal controls and it denies that c.e.o. saving did anything wrong it says he was unaware of the external probe. yeah i know i know how it is she founded a unit that led these investigations as would it not being fixed have since been external investigations to us and at no stage could any responsibility be traced back to the head of the business to the concerns of it and if i thought it was some nod to the consent of those who have lived in the city the investigation also shows that us president donald trump may have profited from dirty money all agog from kazakstan allegedly bought a pot mint at the trump new york property with laundered money trumps company denies knowing who these customers were but they did make money from the transactions. the investigation shows the scale of the international money laundering efforts to curb it a floundering. because regulators can't get to grips with highly sophisticated criminal networks. it is a massive

international sanctions including against iran and syria danish and british banks as well as germany's deutsche bank are among those implicated in leaked files all of the wode criminals are using the global financial system to launder money it's a dirty bit lucrative business for the banks. if a bank notices a suspicious transfer it has to report it to the authorities. thousands of such reports were of time by bus paid news. and then evaluated by the i.c.i. jai. it's an international network of investigative journalists. they have discovered evidence of money laundering worth $2.00 trillion dollars. you could learn a lot by handling money from criminal sources. that's why it's hard for banks to say no to criminal money. in germany bank has some explaining to do the country's largest banks already had to pay millions in fines in $27.00 tane after dodgy dealings in russia. the investigation reveals that those illegal activities a much more extensive than previously thought russian criminals used torture banks moscow branch to loan to millions the current c.e.o. christian saving served as head of

president double trump is raising some uncomfortable questions for germany's largest lender deutsche bank namely why did deutsche bank loan mr trump $2000000000.00 at the same time other banks including all u.s. lenders were not willing to do so and while those who bank may be handling those loans we cannot say tonight who or what is behind that money in other words we don't know who owns the debt of u.s. president donald trump and adding to this puzzle is the role played by the son of a former u.s. supreme court justice just in kennedy son of former justice anthony kennedy was a division head and contact for donald trump at deutsche bank kennedy was close to the then future president at the same time that he was lending money to mr trump now the optics of this are horrible for deutsche bank so bad that author and political scientist norman ornstein tweeted yesterday if i were door to bank executives who gave loans to trump when no one else would including anthony get the sun i would be very very nervous right now. our atlas speak with a man who voice that opinion norman ornstein joi

dollars of me we don't know but maybe some executives at deutsche bank maybe they know. well one would think that you know you can follow you know tongue in cheek i said we need to follow the rules but we don't know for sure i will tell you that a very good journalist associated with the new yorker and of davids who wrote a long piece about connections with us or by john and money laundering going through some of the. figures they are the miscreants there which apparently indicated a great interest in golf courses. you know might have some ties here as well and of course we also have reason to believe that trump in decades past had gotten loans from russian sources if you look at the president's relationship with vladimir putin and the actions that he's taken including the promise to withdraw troops from germany that serve the interests of mr putin and russia we have even more to be concerned about you know our constitution has in it was is that we call 'd amal humans clauses right now the main one is to prevent a major figure especially a president from getting anything

welcome to the show i'm sitting here it's good to have you with us a german linda deutsch a bob is no stranger to scandal paying more than $10000000000.00 in fines and settlements over the last decade for everything from dodgy mortgage backed securities to money laundering but the bank has supposedly cleaned house now a trove of leaked files sheds new light on past transactions and raises the possibility of new scrutiny from regulators. for years customers from russia and other former soviet states funneled money into the western financial system by hand to each a bank the so-called near a trade scheme unraveled in 2015 the bank later paid a settlement of more than $600000000.00. joint u. bank was found to have been engaging in a variety of suspect trades involving as much as $10000000000.00. the bank didn't seem to be a victim they seem to be a participant in these mere trades back then don't have bank promise to clean up its act now u.s. financial documents reveal that the bank itself estimated internally that this is vicious trades amounted to $16000000000.00 and that it could have

i'm julianna tatelbaum these are your headlines deutsche bank ceo says the economy will not return to prepand levels this year or next, saying a large levels of zombie firms will have a huge affect >> translator: our economy will only work with the 70 or 80% capacity and this will have severe consequences. >>> switch company roche will role out rapid test that will provide results in 15 minutes. we speak to the ceo of diagnostics in the next few moments. >>> the swiss market watch dog offers a fresh case over the top scandal. japan's chief cabinet secretary is expected to announce he'll join the race to replace prime minister shinzo abe. >>> warm welcome to "street signs," we have just finished watching the deutsche bank chief who warned that it is not likely we'll see the economy return to precry si levels this year or next he noted how germany has done a decent job managing the economy through the coronavirus pandemic he did warn the large number of zombie firms to come out and have significant affect on germany. we'll bring you all things german banking on that later in the show an

deutsche bank says it is since toughened its internal controls and it denies that c.e.o.'s sieving did anything wrong it says he was unaware of the external probe. yeah i know i know hyatt because she founded the unit that led these investigations it would not be fixed to have since been external investigations to this and at no stage could any responsibility be traced back to the head of the business to the concerns of it and the fun for to listen to the conservatives who have no interest in the investigation also shows that us president donald trump may have profited from dirty money all agog from kazakstan allegedly bought apartments at the trump new york property with laundered money trumps company denies knowing who these customers were but they did make money from the transactions. the investigation shows the scale of the international money laundering efforts to curb it a floundering because regulators can't get to grips with highly sophisticated criminal networks. well to discuss all of this i'm joined by an teen money laundering expert graham barrow he works with

deutsche bank says it is since toughened its internal controls and it denies that c.e.o. sieving did anything wrong it says he was unaware of the external probe. i know i know how it was she founded a unit that led these investigations it would not be takes to have since been external investigations to this and at no stage could any responsibility be traced back to the head of the business to the concerns of it and the fun for to listen to the conservatives who have no interest in the investigation also shows that u.s. president donald trump may have profited from dirty money oligarchs from kazakstan allegedly bought apartments at the trump new york property with laundered money trumps company denies knowing who these customers were but they did make money from the transactions. the investigation shows the scale of international money laundering if it's occurred but floundering because regulators can't get to grips with highly sophisticated criminal networks. it is a massive scandal let's talk about it more now with our business reporter arthur sullivan is with us here in

in the memo, deutsche bank said workers only have to return in july.itigroup employees have been paste on played leave pending an investigation after revelations he operated a qanon conspiracy theory website. site has since been shut down. no specific comments from citigroup. the bank says employees need approval for any outside business activities. global news 24 hours a day on air and at bloomberg to take -- quicktake, powered by journalists and analysts in more than 120 countries. this is bloomberg. annmarie: thank you. tech takes a hit as opposed pandemic world. our guest host says not a time to dig tech yet. that's coming up next. this is bloomberg. ♪ >> the ipo is a price discovery process. we were after a set of institutional investors. people that can hold multibillion-dollar positions for 5-10 years. people that don't chase momentum either up or down. his company's record ipo. bring up the board. snowflake made a name for itself yesterday with the biggest u.s. ipo of the year. the largest ever for a software maker. look at that. up 111% on its

deutsche bank says it is since toughened its internal controls and it denies that c.e.o. saving did anything wrong it says he was unaware of the external probe. i know i know how it was she founded the unit that led these investigations it would not be takes to have since been external investigations to this and no stage could any responsibility be traced back to the head of the business to the concerns of it and the fun for to some not to the conservatives who have no interest in the investigation also shows that us president donald trump may have profited from dirty money all agog from kazakstan allegedly bought apartments at the trump new york property with laundered money trumps the company denies knowing who these customers were but they did make money from the transactions. investigation shows the scale of international money laundering if it's occurred but floundering because regulators can't get to grips with highly sophisticated criminal networks. and we have team coverage of the story we're joined by business reporter arthur sullivan here in the studio and we al

>> with commerzbank, they look too deutsche. now you've got ubs talking deutsche bank.isse may, or maybe the bmp. i think it has to be on the asset management side. the cross-border is not really what domestic is about, which is shutting retail networks and stripping out lots of traditional banking. it is more about scale to compete with the americans and also continue to narrow. you need more scale. is thetsche bank story soft end of this bill where you've got business as well. domestic retail and domestic corporate first and the bigger deals, we can't see anything apart from -- until deep into next year. tom: what is the power of the german government to basically tell commerzbank what to do? on a quickas them ratio at 0.19 book value. i have never seen a statistic that low. why doesn't the german government just put them out of their misery? >> who are you going to fill the room with? --many shortly has [indiscernible] the minute you do that, you're going to get wholesale branch closes. the german government is seeing this time when they have extended their furlough

there have been questions about deutsche bank and deutsche bank's involvements with various foreign entitiesat is a legitimate open question. but the reason it's a national security risk and would be for anyone applying for a federal job on a security screening is that debt is a giant red flag. alarm bells go flashing when you have a lot of debt, it makes you vulnerable, tim. is that right? >> that's completely right. as it is for, you know, anyone who owes debts to someone else is under that other person or entity's influence. deutsche bank is particularly problematic, because it's had a troubled history in recent years with money laundering issues, with bid rigging in financial markets. it has an operation in the u.s., the federal regulatory trigger lates deutsc industry regulates deutsche bank. that's a problem, because trump's a member of that process and a member of the bank. i think this has been one of the larger and more dangerous things hanging over the trump administration from the second he took office. the president of the united states is exempt from a lot of conflicts of intere

deutsche bank told me this is not new information to us or our regulators today's sell-off down to theroad sick licyclical sell-off t supreme court deal making a stimulus bill less likely. melissa. >> will, thank you on the banks one sentence that he said stood out to me, karen, and it is not new to us or our regulators which makes me think that the regulator will let the banks get oaf to lightly whether it comes to the suspicious activities >> yeah, i plemean, i guess so one of the things weighing on the stocks today as well as this is the idea of maybe we have an administration -- a new administration tougher on the banks and even though this one was in the past what might the future look like if we were to see repeated issues like this or other ones but all of the banks were down not to similar amounts, the ones that i follow, jp morgan, and citti and wells fargo. so i'm not sure how much is this and how much as will said, the lack of stimulus and the economy in the market being down it was a very tough day for me >> yeah, there are numerous things you could point to as reasons why

the united states of helping iran avoid sanctions and one of the big data drops here shows that deutsche bank was involved in the sale taking several of those transactions between 2. banks which ultimately was money which made its way to iran even though it shouldn't have and there are other cases linking deutsche bank to some transactions which saw russia is also evading sanctions so that some of the things that's accused of deutsche bank has responded to the international consortium for investors journalists they gave a statement in the few days ago saying they accept there was wrongdoing to some extent that there was practices that they weren't happy with but that this is very much in the past that this these years are in the past and that it's a different bank today that's their take on this right or is there but very briefly now this is been going on for years how has this lived has this been happening for so many years that's a very good question paolo to put it to you like this very simply if you go on holidays tomorrow and you decide to splurge on your holidays and you spend load

really putting a lot more pressure on them today so what do you think this is going to mean for deutsche bank. it definitely opens up to more regulatory fines to more regulatory investigations going forward as i said they have paid some fines for these activities already but investigators likely will take another look at these reports and see if there's more to be done already is being investigated from by the department of justice and the united states for several money laundering complaints this could certainly play a role in that and it also does raise more pressure on the bank c.e.o. christiane saving who was overseeing auditing at the time of some of these money laundering transactions and russia which of bank has said that he wasn't really involved in that but critics say he should have taken a stronger approach to that so a lot of questions and we are seeing this certainly reflected in the stock price today it's down about 6 percent so investors are clearly stooped by these new reports so arthur as we heard there deutsche bank is now under massive pressure again to clean house but

goldman sachs deutsche bank says the u.s. selloff is close to an end. up and you have a look at the rest of the markets because i would say it is through the fx prism i look at the risk in the market. in the eye of the storm, the rally to dotiger, a with dollar weakness rather than sterling strength. back like a bad rash according to tda. i can't do anything but applaud softbank, rip it up, nearly 10% on the day. 6391. let's talk about central banks. we are going to have a slew coming up through the week. wednesday, the fed holds its last meeting before the presidential election. the fomc is expected to keep its policy flexible. brazil's rate decision that day and on thursday, we will hear from the boj and the boe. yes and on thursday, we could see a rate cut in south gdp their shrink an annualized 51% in the second quarter. indonesia and taiwan discuss their decisions and we will get details on the bank of russia, which has published a draft guide 20-20 -- 2021-2023. policy won't remain loose for a long time. in the latest bloomberg survey of economist

commerzbank has chosen deutsche knof as new ceo.r from zielke on jay wright first. -- confirming this week and he will not return. siemens boss is seen as a leading candidate. that is your bloomberg business flash. anna: laura wright here in london. let's talk about u.k. politics and brexit talks are entering another key week. they begin in brussels tomorrow. both sides are expressing cautious optimism that a deal can be reached. alexis gray, vanguard senior economist is still with us. we move into brexit proper but also the u.k. government having to deal with the fallout from coronavirus. that is having much more of an impact on the economy right now. how high do you expect unemployment to peak? news in that good some wage support is being introduced. we are still likely to see quite a few people lose their jobs in the coming months unfortunately. we think unemployment will rise to 7% or higher by the middle of next year. as the wage support will have faded out. millions of job loss unfortunately. matt: what about the brexit issue?

morgan deutsch of citi bank barclays the list goes on. then you know clients and more than 170 countries and there are already 193 in the world were named you know and flagged so focusing on a couple of russians in the u.k. it seems a bit disproportionate and what's been the reaction in the financial world since this all broke while the german ministry of finance has said that all of these transactions a cut in the past they will dated up until 2017 so they've been investigated the matter is closed but let's hear what some of the other big hitters had to say this is not new information to us or our regulators will learn from our mistakes systematically tackle the issues and made changes to our old business perimeter our controls and our personnel consistent with our commitment to protect the integrity of the financial system cities diligence and filing suspicious activity reports with the us department of the treasury when appropriate given the confidential nature of these reports we did not comment on will confirm any particular report t

among the customers involved they are all believed to have laundered money at the moscow branch of deutsche bank a spokesman points out that the bank completely withdrew its investment business in russia and 2016 and has become a different bank altogether. if you want to raise the ante money laundering department from 600 to more than 1500 people we've strengthened the systems and this is an ongoing process. a consequence of the failed control mechanisms prior to 2015 also in the internal auditing department christiane's even was its head until the end of 2014 now he's dodging bank c.e.o. his former department head audited the russian deals but never notice this is spacious transactions but a later extra nl investigation revealed serious shortcomings. the current chief executive did not sign off on it back then he also did not read it at that point in 2014 as there was no reason and no cause for him to do so. the bank does not view its current c.e.o. as responsible. for more on this i'm joined by alistair wellmont in london he has 2 decades worth of experience in banking regulation out ther

of course, commerce bank tried and failed to merge with deutsche bank.ght by deutsche bank last year. that strategy did not work out. now, it's expected that this new leader who is coming in from deutsche bank has been the leader of their retail business and is going to be able to slim down the workforce, cut jobs by about 10,000, and hopefully ring the shares back. cerberus has to make nine euros and change before it breaks even. the german government has to be a 24 euros before it breaks even on commerce bank. manus: there is a long way to go with that trade. deal that maybe do a he quite likes around europe. that could change everything. newss made some good headlines in terms of the market place in china but when it looks like dime where, they have succession issues to deal with. he is in the lineup. joe kaeser is at the top of the list. siemens, it ceo of is typical practice in the german corporate culture for an outgoing ceo to then become chairman after he takes a little bit of gardening leave of the supervisory board. we had it planned for him to

we are pursuing the deutsche bank records of course so we understand the president's personal, political, and financial relationship with russia. but with this president, as you know, corruption is a reflex. and in 2016, while the russians were trying to corrupt our democracy and the intelligence community was playing catchup, donald trump wasn't.

money laundering, alleged fraud and activity by criminals setting deutsche bank down 5 and 6% in the european markets right now. in the meantime, breaking news here at home on electric and hydrogen vehicle maker not being tesla. contessa has that and more of your head lines. >> good monday to you. a big change in leadership at nikola the electric vehicles maker says it's founder is stepping down as executive chairman effective immediately. board member and former gm vice chairman will take his place as chairman both the justice department and the sec. and business practices and technology and you can see now look at that stock is off by almost 24% financials also front and center after a trove of bank documents reviewed by nbc news and reuters and others moving large banks of funds over a period of 20 years. despite red flags over the origins of the money and the most are hsbc, jp morgan chase, deutsche bank, standard charter and bank of new york melon and you can see how those stocks are performing in extended hours among the types of transactions highlighted by the documents, funds

we are separately getting breaking news out of deutsche bank.alsof executive speaking to reporters and investors, saying the new strategy is working. this is the deutsche bank chief executive also saying there are measures needed to counteract the negative rates. let's get to the bloomberg business flash with leigh-ann gerrans. leigh-ann: a financial regulator has opened enforcement proceedings against credit suisse following a spying scandal that damaged the bank's reputation and led to the ouster of the former chief executive. formerlyr was appointed, but this latest move represents an escalation. the dating app that lets women make the first move, bumble is planning to go public. it could seek a valuation of $6 billion to $8 billion. it has not settled on a series of banks. blackstone took a stake in bumble last year. growthre sales to fund -- it wants to sell as much $5 billion in stock to help solidify its position as a global leader in electric cars. it comes as the world's most valuable automaker is seeing surging demand for its shares fr

it doesn't matter if deutsche bank has the 400 million debt with trump. it is other countries or people willing to pay off the debt for trump. he's in a world of trouble and he needs people to bring down the debt because he will be a private citizen in a few months. >> congresswoman, you know, it raises questions about why did president trump go repeatedly so easy on saudi arabia's leader after the killing of "the washington post" reporter in the consulate there? >> no, it absolutely raises those questions of national security but as someone that sits on the financial services committee and oversight committee, i am concerned about the president's relationship with deutsche bank as well because he's got the secretary of the treasury that will reserve people. he's pressing a tax law to the benefit of those big banks who he owes. this is the $421 million question. what will president trump do to please his creditors whether foreign or domestic? >> congresswoman, what would you like to see from a congressional standpoint being done in terms of looking into t

in 20101 a team from deutsche welle e began followining hr journey baback into the e wild.the scschool is run n by the franurt t zoolical s socty. after yearars of living g in cacaptivity, thehe orangutans n everything they need to le indendent t ves in the rafoforest. dora e enthralled r teamam with her abability to mr the many chahallenges t t befoe hebeforere bng releaead into the forest. after a reree year break, we wewere due to reretuo the kit tigapuluh national rkrk in innesisia, to see hohw the jungle school and its pupils are getting along. but then came the pandemic. >> humans have to keep their distance from orangutans too, even at lunchtime because both , species are at risk of contracting the new coronavirus. these orangutans are under lockdown and have had to stay in their cages for months. >> since the jungle school is closed, wewe can trarain themo find and interest them to get some forest foods. so we bring the forest foods to them. so it's like rattan and termites nests and all the forest fruits, so that they can learn from that. >> their meals are deliver

so it could very well be deutsche bank holds most of this 400 million and it's not russia. i think what we have to think about is what countries are willing to lower the debt that -- that trump has in -- in -- sort of in a bargain with trump? in other words, it doesn't matter to me if deutsche bank has the 400 million debt with trump. it is, are other countries or people willing to pay off the debt for trump? he is in a world of trouble, and he needs people to bring down that debt because he's going to be a private citizen, potentially, in just a few months. >> yeah. congresswoman, it raises questions about u.s. -- you know, why did president trump go, repeatedly, so easy on saudi arabia's leader in -- after the -- the killing of "the washington post" reporter in the -- you know, in the consulate there? >> no, it absolutely raises those questions of national security. but as someone who sits on the financial services committee and the oversight committee, i am concerned about the president's relationship with deutsche bank, as well. because he's got a secretary of the treas

dollars that's how much the international consortium of investigative journalists say deutsche bank j.p. morgan h.s.b.c. and several other large global banks laundered on their clients' behalf their record comes after gaining access to thousands of suspicious activity reports which banks have to file with u.s. regulators when red flags are raised the journalists say banks often delayed the reports giving a blank check to money launderers deutsche bank is said to have transferred a stunning 1.3 trillion dollars accusations the bank says is all history. these reports are nothing new not for us and not for our regulators either it's all long been dealt with we've taken a good hard look at it all in particular we've been investing very solidly in this area since 2015. bibles and back then we had 500 staff employed in and the money laundering now it's over 1500. but beyond that the journalists report shows that anti money laundering systems are badly designed that international money launderers operate better networks the national regulator or thora to use. thanking analysts in europe ar