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United Kingdom

John O'Donnell

German police arrest two bankers over phantom tax trades

13 Dec 2019

FRANKFURT German federal police have arrested two bankers in a widening investigation into the multi-million-euro "cum-ex" trading scheme, Frankfurt state prosecutors said on Friday.

Germany's Warburg offers to repay money in sham trading trial

11 Dec 2019

FRANKFURT MM Warburg, part-owned by one of Germany's oldest banking dynasties, offered on Wednesday to repay some gains from a share trading scheme at the center of the country's biggest post-war fraud case, a letter seen by Reuters showed.

Exclusive: U.S. digs deeper into Deutsche role in Danske money laundering scandal - sources

02 Dec 2019

FRANKFURT/NEW YORK The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank's role in the 200 billion euro (171.8 billion pounds) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters. | Video

Former Freshfields lawyer arrested over German tax scam: sources

28 Nov 2019

FRANKFURT German police have arrested a former partner at global law firm Freshfields, escalating an investigation into a multi-billion-euro tax scam, two people with knowledge of the matter said.

Russian security services used Estonia to fund activities abroad - Estonian minister

14 Nov 2019

FRANKFURT Russia's security services moved money through Estonia to finance operations overseas, the Baltic country's finance minister, who is leading a clean up after a money laundering scandal, told Reuters.

Stuhl von Deutsche-Bank-Chefaufseher Achleitner wackelt

28 Oct 2019

Frankfurt Als Überlebenskünstler wird Paul Achleitner von Weggefährten bezeichnet.

Exclusive: Qatar pushes for Deutsche Bank chairman to go - sources

25 Oct 2019

FRANKFURT Qatari investors in Deutsche Bank want the lender's chairman to leave after he botched an attempt to appoint their envoy to the board, people familiar with the matter said.

Estonian minister blamed for slow reform after Danske scandal

25 Oct 2019

TALLINN Estonia's far-right finance minister has been criticized by lawmakers for holding up financial reforms promised after the Baltic state became the focus of Europe's biggest money laundering scandal.

Germany eyes emergency measures for Brexit market panic: source

16 Oct 2019

FRANKFURT Germany could use emergency measures to counter any market panic from a hard Brexit, an official with direct knowledge of the matter said, such as banning bets on falling share prices, a step last used in the financial crisis.

Germany eyes emergency measures for Brexit market panic - source

16 Oct 2019

FRANKFURT Germany could use emergency measures to counter any market panic from a hard Brexit, an official with direct knowledge of the matter said, such as banning bets on falling share prices, a step last used in the financial crisis.

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