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Transcripts For DW Business - News 20181202 01:02:00

On thursday police began searching offices at Deutsche Bank prosecutors say staff at germanys largest Financial Institution might have helped customers set up Offshore Companies to launder money after a series of scandals in recent years the new accusation could hit that bank card debt had docked a gap see the suspicion arose in the summer and august of twenty eighteen after the federal criminal Police Office evaluated data from the Panama Papers and the socalled offshore lakes. And this about your way should lead to this is sufficient that Deutsche Bank was helping clients set up socalled Offshore Companies in tax savings. And from their money is said to have flowed to georgia bank without the Bank Reporting any suspicion of Money Laundering us the bank. And saga started out the allegations alone are enough to weaken an already Embattled Bank shares in deutsche acing to their lowest levels ever on friday the bank was quick to present its view of Events Uganda and i love eleven we beli

Transcripts For DW Business - News 20181202 03:02:00

On thursday police began searching offices at Deutsche Bank prosecutors say staff at germanys largest Financial Institution might have helped customers set up offshore companies to launder money. After a series of scandals in recent years the new accusation could hit that bank card debt had ducked a gap see the suspicion arose in the summer and august of twenty eighteen after the federal criminal Police Office evaluated data from the Panama Papers and the socalled offshore lakes. And this evaluation but to this is special in that Deutsche Bank was helping clients set up socalled offshore companies in tax havens. And from their money is said to have floated orchard bank without the Bank Reporting any suspicion of Money Laundering of the bank. And saga started out of the allegations alone are enough to weaken an already Embattled Bank shares and deutsche is saying to their lowest levels ever on friday that the bank was quick to present its view of Events Uganda and i love eleven we belie

Detailed text transcripts for TV channel - DW - 20181202:01:03:00

deutsche acing to their lowest levels ever on friday the bank was quick to present its view of events uganda and i love eleven we believed that we provided all relevant information to the authorities regarding the panama paper case of course will now cooperate closely with the public prosecutor s office in frankfurt it s also in our interest that the facts in question are quickly and entirely cleared up . attention will now turn to deutsche as boss question saving he s only been in the top job since april but he s been at the bank for decades and already faces the challenge of reversing years of losses now it ll be up to him to address accusations that hasn t only been mismanaged but involved in far shady or potentially criminal business. form a major by a as planning to cut around twelve thousand jobs over the next three years that s a tenth of its workforce according to the company the move will help it focus on

Detailed text transcripts for TV channel - DW - 20181202:03:03:00

deutsche is saying to their lowest levels ever on friday that the bank was quick to present its view of events uganda and i love eleven we believed that we provided all relevant information to the authorities regarding the panama paper case of course will now cooperate closely with the public prosecutor s office in frankfurt it s also in our interest that the facts in question are quickly and entirely cleared up. attention will now turn to deutsche as boss question saving he s only been in a top job since april but he s been at the bank for decades and already faces the challenge of reversing years of losses now it ll be up to him to address accusations that hasn t only been mismanaged but involved in far shady or potentially criminal business. for him a major by a as planning to cut around twelve thousand jobs over the next three years that s a tenth of its workforce according to the company the move will help it focus on

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