Deutsche Bank has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that have hammered the German lender’s finances. Reuters Deutsche Bank
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Turkey’s airstrikes overnight to April 25 on areas of Iraq and Syria along the border trigger most serious concerns in Moscow. “Such moves trigger most serious concern in Moscow. We are talking about actions by Turkish military against Kurdish forces that really stand against terrorist groups, first of all Islamic State, on the ground,” the ministry said. Source TASS
Ukraine’s state security service (SBU) raided the Kiev offices of Dragon Capital, one of the country’s largest investment banks, over the alleged use of illegal software at its premises, the bank’s spokeswoman said on Wednesday. Source Reuters
Greece’s economy will only grow by up to 1.5 percent this year, the leading IOBE think tank said on Wednesday as it trimmed its forecast due to slow progress on the country’s bailout review. Source Ethatimerini