Layoffs Watch '15: Deutsche Bank May Shed Some Russians

Apparently the potential money laundering by some is frowned upon.
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Another move under consideration would involve deep cuts to Deutsche Bank’s Russian trading and investment-banking business, the people familiar with the matter said. Concern about potential money-laundering by Russian clients, through equity trades handled by Deutsche Bank, has spurred an internal review and investigations by European and U.S. regulators, they said. Deutsche said in July that it was reviewing stock trades by “certain clients” done through the bank’s Moscow and London offices. The people said the trades in question were worth billions of dollars. [WSJ]

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