Deutsche Bank: 'Systemic' Failures in Russian Trades

The video discusses the Russian mirror trades issue, where $10 billion flowed out of Russia without proper anti-money laundering checks. It highlights the systemic failures at Deutsche Bank, which missed red flags over a year. John Cryan, the new CEO, aims to clean up these failures and improve profitability. The video also explores the importance of compliance and culture in banks, noting similar issues at other major banks like JP Morgan.

What major issue is highlighted regarding Deutsche Bank's operations?

What actions has John Cryan pledged to take as the new CEO of Deutsche Bank?

What systemic failures are discussed in relation to Deutsche Bank's controls?

How does the text describe the relationship between risk management and profitability in banks?

What cultural issues are mentioned that affect compliance within banks?