Trumps Business with Deutsche Bank being investigated by FBI

 Trump im Gespräch mit Putin während dem G20-Gipfel 2017 in Hamburg  | Bild (Ausschnitt): © Website of the Russian President [CC BY 4.0] - Kremlin.ru

Investigations by the FBI into the alleged Russian manipulations of the 2016 US presidential elections are now including the Deutsche Bank. There is a suspicion that the bank’s loans to the US President have ties to the Russian government. According to a report by the Handelsblatt, FBI special investigator Mueller has applied for a subpoena, compelling the release of material.   ... →

Syndicate of banks funding meat packing company JBS -amidst allegations of deforestation, slavery, corruption and fraud.

JBS is the world’s largest meat company by revenues, capacity, and production including beef, poultry, lamb and pork. It is the largest beef exporter from Brazil and it sells its meat products under a range of brands including Swift, Friboi, Seara, Pilgrim’s Pride, Gold Kist Farms, Pierce, 1855, Primo, and Beehive.

According to the Brazilian Environmental Protection Agency (IBAMA), in March 2017, during a raid of two JBS meat processing plants, 59000 cattle were found that had been sourced from illegally deforested land.   ... →

Thun Group of Banks criticised for misguided interpretation of UN Guiding Principles.

  Bild (Ausschnitt): © geralt [CC0 Creative Commons] - pixabay

At the beginning of this year, the informal Thun banking group, consisting of UBS, Credit Suisse, Barclays, BBVA, BNP Paribas, Deutsche Bank, ING, RBS, Standard Chartered, UniCredit and JP Morgan, published a position paper on the understanding and scope of Article 13 of the UN -Leitprinzipien.

In this respect, the banking groups largely excluded their responsibility for protecting human rights.   ... →

The Panama Papers, One Year On – An Overview

April 3, 2016, entered history as a black Sunday for tax evaders, arms smugglers, drug dealers, corrupt politicians, athletes and business people as well as many financial institutions around the world. That day, more than 100 media companies in 76 countries simultaneously published internal documents of the law and corporate services firm Mossack Fonseca, a provider of offshore services.   ... →

Deutsche Bank was fined 629 million US Dollar for Russia Trades

Deutsche Bank was fined a total of 629 million US Dollars for compliance failures in relation to transactions of 10 billion US Dollar from Russia to Cyprus, Estonia, and Latvia via London and New York. The UK Financial Conduct Authority issued the ank with a 204 million US Dollar fine and New York’s Department of Financial Services issued a 425 million US Dollar fine.   ... →