Deutsche Bank Finds 'Systemic' Fail in Internal Controls

The video discusses the concept of mirror trades, where stocks are bought in Russia and sold in London, potentially facilitating money laundering. It highlights the involvement of the Russian Central Bank and the failure of Deutsche Bank to address compliance issues. The video also covers regulatory concerns in London, the role of shell companies, and the impact of job cuts in US banks. Finally, it examines the future challenges for Deutsche Bank, including legal liabilities and compliance improvements.

What are mirror trades and how do they relate to financial transactions?

What role did the Russian Central Bank play in the investigation of Deutsche Bank?

What were the consequences faced by Deutsche Bank due to its financial practices?

How did the compliance failures at Deutsche Bank contribute to systemic issues?

Discuss the implications of the Panama Papers in relation to Deutsche Bank's transactions.

What are the potential future actions that regulators might take against Deutsche Bank?

What changes has Deutsche Bank implemented in response to its compliance issues?