Studded with prominent names from United States President Donald Trump on one side of the atlantic to germanys deutsche of bunk on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic Money Laundering all guards terrorists how corrupt are the banks. Welcome to to the point its a pleasure to introduce our guests Daniel Drucker is editor in chief of buzz feed news germany and he says the suspicious activity records give banks a free pass to keep moving dirty money then collect the fees. And its a pleasure to welcome our few carnatic to the program hes chief europe correspondent for politico and he believes this councils are just the latest indication that germanys Banking Sector is neither financially nor culturally sound. And great to have with us as well then to lena fun period oh she works for the british economist and she thinks justice do much of it was finally starting to recover the revelations related to its
Only hear from the voters, we also have Ohio Republican senator rob portman coming up. This is a big show, stay with us throughout the entire hour. We start the with fox Business Team coverage. Blake burman at the white house. Well get to black in a moment. We begin this afternoon with Lauren Simonetti on the markets. Lauren. Lauren today, guys, wall street took a little bit of a breather with the first down day in four days. Three main concerns here, mainly stimulus, the whole question mark when well get more of it. But also a rise in coronavirus cases in new york which was once the epicenter of the virus, raising fears of another lockdown. Yes, two lesser extent, investors waiting to see whats going to happen. Who will emerge the winner if there is it one after the president ial showdown tonight. This is how we finished the session. You can see the dow, the s p 500 down half of 1 each. The nasdaq down a quarter of 1 . This is the second to last day of the terrible month of september.
Studded with prominent names from United States President Donald Trump on one side of the atlantic to germanys deutsche of buck on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic Money Laundering all of arks terrorists how corrupt are the banks. Going to. Come up. Welcome to to the point its a pleasure to introduce our guests daniel director is editor in chief of buzz feed news germany and he says the suspicious activity records give banks a free pass to keep moving dirty money can collect the fees. And. A pleasure to welcome Matthew Carney chik to the program hes chief europe correspondent for politico and he believes these scandals are just the latest indication that germanys Banking Sector is neither financially nor culturally sound. And great to have with us as well then to lead a fun creative she works for the british economist and she thinks just as doing was finally starting to recover the revelations
Of the atlantic to germanys deutsche of bunk on the other it seems to have complied with rules to report suspicious transactions but took few steps to rein them in our topic Money Laundering all of arks terrorists how corrupt are the banks. To. Come up. Welcome to to the point its a pleasure to introduce our guests Daniel Drucker is editor in chief of buzz feed news germany and he says the suspicious activity records give banks a free pass to keep moving dirty money then collect the fees. And its a pleasure to welcome our few carnatic to the program hes chief europe correspondent for politico and he believes this councils are just the latest indication that. Germanys Banking Sector is neither financially nor culturally sound. And great to have with us as well then to lead a fun creative she works for the british economist and she thinks justice do it was finally starting to recover the revelations related to its involvement in Money Laundering in the finance and files are a huge setbac
A real you know baked in incentive to go after what you know happening in the 3rd world so lets talk about europes incentive because in fact the European Commission has had quite a bit to say on Money Laundering in the last few years claims to want to do a great deal more to crack down and yet the worlds tax havens including to some leading European Centers like the netherlands switzerland ireland lexan borg play a huge role in the machinery of the Money Laundering system so clearly this is an area where we need a true european approach also a global approach but how likely are we to get that at a time where in essence were seeing d. Globalization and a retreat from multilateralism well in europe its also worth remembering that John Klobuchar who was president of the European Commission was also the finance minister and Prime Minister of luxembourg for 20 years and oversaw many of these. Activities up until 2014 when he became the president of the European Commission and that didnt hal