Deutsche Bank among western institutions that processed billions of dollars in cash of ‘criminal origin’ through Latvia
The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal.
Deutsche Bank is one of dozens of western financial institutions that processed at least $20bn – and possibly more – in money of “criminal origin” from Russia.
Bank looked for evidence of whether loans to president were underpinned by guarantees from Moscow, Guardian learns
The scandal-hit bank that loaned hundreds of millions of dollars to Donald Trump has conducted a close internal examination of the US president’s personal account to gauge whether there are any suspicious connections to Russia, the Guardian has learned.
Deutsche Bank, which is under investigation by the US Department of Justice and is facing intense regulatory scrutiny, was looking for evidence of whether recent loans to Trump, which were struck in highly unusual circumstances, may have been underpinned by financial guarantees [...]
Last year was deeply tumultuous for the troubled country but with growing fears of social unrest, 2016 could be even more unpredicatable
When Stavros Staikos thinks of the year ahead, he expresses dread. Although stoic in demeanour, the retired merchant seaman struggles to be upbeat about his country and his own circumstances. “It’s hard to be optimistic,” he says, waiting his turn for financial advice in the central Athens branch of the Union of Consumers and Borrowers. “Who’d have thought it would come to this? Who’d have thought that at the age of 63, I’d be worried sick about losing my home.”