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29th Mar 2024

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MEPs to grill Deutsche Bank over money laundering

The European Parliament will focus on Germany's biggest bank, Deutsche Bank's, role in the money-laundering scandal that saw Danske Bank's Estonia branch handle around €130bn of "suspicious" cash - the biggest such scandal in EU history. Members of the parliament's special committee on financial crimes have invited Stephan Wilken, Deutsche Bank's head of anti-financial crime, to testify in a special hearing on 4 February, Sueddeutsche Zeitung reported.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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