The Fed scolded Deutsche Bank for money-laundering protections, new report says
Business Insider -

REUTERS/Kai Pfaffenbach

The Federal Reserve recently reprimanded Deutsche Bank over its money-laundering controls, The Wall Street Journal reported Thursday.

The bank is in the middle of a major overhaul and working to regain trust among investors and regulators after numerous investigations for weak money-laundering protections.

The Fed also scolded Deutsche Bank for not rectifying issues that led to its "troubled condition" rating from the central bank in 2017, according to The...

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