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BANKING NEWS

Deutsche Bank to take €1.5bn US tax hit

Deutsche Bank to take €1.5bn US tax hit
Deutsche Bank will take a €1.5bn (£1.3bn) charge following changes to the US tax code, meaning it will not make a profit for 2017. The bank said its trading revenue in the fourth quarter also declined about 22% year-on-year, amid lower market volatility and ...

Amsterdam Trade Bank under new money laundering investigation

Amsterdam Trade Bank under new money laundering investigation
By Aleya Begum LønsetteigAmsterdam Trade Bank (ATB), the Dutch subsidiary of Russia’s Alpha Bank, is under investigation by Dutch authorities for possible money laundering. The Fiscal Information and Investigation Service (FIOD), the Dutch anti-fraud agency, ...

Dutch subsidiary of Russia's Alfa Bank raided in money laundering inquiry

Dutch subsidiary of Russia's Alfa Bank raided in money laundering inquiry
Reuters StaffAMSTERDAM (Reuters) - The Dutch subsidiary of Russia’s Alfa Bank, owned by billionaire Mikhail Fridman, was searched last week as part of an investigation into possible money laundering, the Dutch financial crimes prosecutor said on Tuesday. ...

South Africa whistleblower aids HSBC money laundering investigation

South Africa whistleblower aids HSBC money laundering investigation
By Iain WithersA whistleblower is aiding UK financial regulators’ investigation into alleged money laundering in South Africa by British banks including HSBC, it has emerged. The Financial Conduct Authority (FCA) is probing FTSE 100 lenders HSBC and ...

Commonwealth Bank admits to failures in money-laundering case

Commonwealth Bank admits to failures in money-laundering case
Australian Associated PressBank responds to proceedings launched by Austrac, acknowledging errors and failures but arguing they do not amount to multiple breaches of the lawCommonwealth Bank has filed its response to allegations of breaches of ...

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