Heard on the Street: Why it makes sense that European bank investors have shrugged-off revelations of possible money laundering
It makes sense that European bank investors have shrugged off revelations of possible money laundering.
On Sunday night the International Consortium of Investigative Journalists revealed it had documents detailing suspicious flows of billions of dollars through five big banks—Bank of New York Mellon, Deutsche Bank, HSBC, JPMorgan and Standard Chartered Bank. It is a leak of 2,100 so-called suspicious activity reports that the banks had filed with the U.S. Treasury’s Financial Crimes Enforcement Unit relating to transactions...
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