The construction sites of the Deutsche Bank - Why US banks are doing better than their Euro competitors
Chinese conglomerate HNA looks set to sell off its remaining stake in Germany' largest lender, Deutsche Bank. HNA has been under mounting pressure to rethink investments in order to reduce its massive debts.
Roughly €200 billion worth of "suspicious" transactions were taken care of by the Danish bank's branch in Estonia. The branch was reportedly known for laundering money for Russian President Vladimir Putin's family.
Under a new economic program, Turkey wants to cut its growth sharply and promised to curb public spending, as it seeks to avoid a full-blown economic crisis fueled by massive inflation and a plunging currency.
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