Germany

Deutsche Bank - Germany

U.S. congressional investigators have identified possible failures in Deutsche Bank AG’s (DBKGn.D) money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said. The congressional inquiry found instances where Deutsche Bank staff in the United States and elsewhere flagged concerns about new Russian clients and transactions involving existing ones, but were ignored by managers, two of the people said. Lawmakers are also examining whether Deutsche Bank facilitated the funneling of illegal funds into the United States as a correspondent bank, where it processes transactions for others, one of the sources said. The congressional probe, whose initial findings have not been previously reported, is at an early stage, and it is not yet clear whether it will lead to any action against the bank, the three sources said. A Deutsche Bank spokesman, Troy Gravitt, said the bank cannot comment on the work of the congressional committees but remains committed to cooperating with authorized investigations. Addressing past deficiencies in the bank’s controls, the spokesman said: “We have worked to address them, taken disciplinary measures with regards to certain individuals and reviewed our client onboarding and monitoring processes.” The House of Representatives Financial Services Committee declined to comment. The Democrat-controlled House began examining possible money laundering in U.S. property deals involving President Donald Trump, a Republican, earlier this year. The lawmakers are also looking into whether Trump’s dealings left him subject to the influenceContinue reading

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Emmanuel Macron - France Politics News

German Chancellor Angela Merkel on Wednesday challenged Britain to come up with alternatives to the Irish border backstop within 30 days, but French President Emmanuel Macron cautioned there would be no renegotiation of the Brexit deal. More than three years after the United Kingdom voted to quit the European Union, it is still unclear on what terms – or indeed whether – the bloc’s second largest economy will leave the club it joined in 1973. British Prime Minister Boris Johnson, a Brexiteer who won the premiership a month ago, is betting that the threat of “no-deal” Brexit turmoil will convince Merkel and Macron that the EU should do a last-minute deal to suit his demands. Speaking beside Merkel at the German Chancellery, Johnson repeatedly said that the Irish border backstop – which is a protocol of the Withdrawal Agreement struck by his predecessor Theresa May – needed to be removed in full. “It was said we will probably find a solution in two years. But we could also find one in the next 30 days, why not?” Merkel, Europe’s most powerful leader, said. Johnson confirmed that she had given him 30 days to come up with alternatives and said there was ample scope for a deal. The two leaders had a constructive dinner of tuna, venison and chocolate tart, a British source said. But just an hour after Merkel spoke, Macron said the demands made by Johnson for a renegotiation of the divorce deal, including the removal of the IrishContinue reading

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Germany Angela Merkel and Migrants News

Angela Merkel was expecting a friendly chat with business women when she visited Dresden earlier this month. Instead, far-right protesters jeered the German Chancellor’s arrival. Hundreds of demonstrators from the Patriotic Europeans Against the Islamization of the West, a group known as Pegida, gathered in the historic city to voice their anger at Merkel and her decision to welcome over a million refugees since 2015. One threw a bottle at a journalist, another gave a Nazi salute, while a third denied the Holocaust, a criminal offense in Germany. A poster bearing Merkel’s image read: Terrorists Welcome. Despite nearly a decade of consistent economic growth, there’s growing fatigue with Merkel and the ruling parties, particularly in the former communist East, which has undergone decades of social and economic change. The region that saw massive right-wing protests last year is now back in focus as voters in three states go to the polls this fall. In two of them — Saxony and Brandenburg — Merkel’s Christian Democrats and their junior partner, the Social Democrats, may lose for the first time since reunification in 1990, to the upstart Alternative for Germany, or AfD. That could not only implode her fragile coalition but upend a political landscape dominated by two parties since World War II. “That is the writing on the wall for the traditional parties,” Josef Janning, head of the Berlin office of the European Council on Foreign Relations, said in an interview. “This will shake up the system.” Merkel’s coalition is alreadyContinue reading

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Angela Merkel - Germany Politics News Headlines

Germany is marking the 75th anniversary of the most famous plot to kill Adolf Hitler, honoring those who resisted the Nazis — who were stigmatized for decades as traitors — as pillars of the country’s modern democracy amid growing concerns about the resurgence of the far-right. Chancellor Angela Merkel, who will speak Saturday at an annual swearing-in ceremony for some 400 troops before addressing a memorial event, paid tribute ahead of the anniversary to executed plot leader Col. Claus von Stauffenberg and his fellow conspirators and highlighted their importance to modern Germany. “Only if we understand our past can we build a good future,” Angela Merkel said. Von Stauffenberg tried to kill Hitler with a briefcase bomb on July 20, 1944, during a meeting at his headquarters in East Prussia. Hitler escaped the full force of the blast when someone moved the briefcase next to a table leg, deflecting much of the explosive force. The plot crumbled when news spread that Hitler had survived. Von Stauffenberg and his fellow plotters were executed within hours. The story had little resonance in the immediate post-World War II years, when many still viewed the July 20 plotters as traitors, as they had been painted by the Nazis in the aftermath of the failed assassination. The resistance against the Nazis only came to be “laboriously accepted” over subsequent decades, said Johannes Tuchel, director of the German Resistance Memorial Center, and even in the 1980s many believed its memory would fade away. Only in 2004Continue reading

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Angela Merkel - Politics in Germany

The abrupt resignation of the leader of Germany’s Social Democrats (SPD) after disastrous European and regional elections has thrown the future of the ‘grand coalition’ with Chancellor Angela Merkel’s conservatives into doubt. The government looks set to limp on until elections in three former Communist eastern states in September and October. But if the SPD and Merkel’s conservative Christian Democrats (CDU) do badly, the risk of a government collapse would increase sharply. The SPD, led by an interim triumvirate for the next few months, will later this year pick a new leader and review its role in the coalition. To reinvent itself in opposition and win back defectors from the resurgent Greens, the SPD may, under a new leader, ditch its marriage with Merkel. Here are the main scenarios for Germany if the coalition between the conservative bloc and SPD collapses: NEW ELECTION The option most analysts are talking about, a snap election before the next scheduled one in 2021, poses enormous risks for the conservatives and SPD. Merkel has said she will not stand for a fifth term as chancellor. The conservative bloc of the CDU and its Bavarian CSU sister party is polling at 26%-29%, below their 2017 election result. Merkel’s heir apparent Annegret Kramp-Karrenbauer has failed to boost the CDU’s ratings since taking over as its leader in December. The SPD faces decimation, at 12%-17% in polls, paying the price for sharing power as Merkel’s junior partners for six years and 10 of the last 14. AContinue reading

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Angela Merkel - Politics News in Germany

In Bremen, a new face for the CDU, IT businessman Carsten Meyer-Heder, senses a “mood for change”. Polls put him one point ahead of experienced SPD mayor Carsten Sieling, who is hoping voters will opt for a “safe pair of hands”.Continue reading

Annegret-Kramp-Karrenbauer - Germany Politics Headline Today

Annegret Kramp-Karrenbauer lives with her family in Püttlingen. Kramp-Karrenbauer was born on August 9, 1962 in Völklingen. In 1982 she graduated from the Marie-Luise-Kaschnitz Gymnasium in the same place. In 1982 she began her studies in law and political science at the universities in Trier and Saarbrücken. In 1990 she completed her studies with Magister Artium.

From September 1999 to March 2018 Annegret Kramp-Karrenbauer was a member of the Saarland Landtag. From 1999 to 2000 she held the post of parliamentary director of the CDU parliamentary group. Continue reading