Deutsche Bank on Friday won final approval from a U.S. judge for a $75 million settlement it reached with victims of Jeffrey Epstein who had accused the German company of facilitating the late financier's alleged sex trafficking.
One of the lawyers, David Boies, said after the hearing that the case “was a wake-up call for banks” that they must keep track of who their clients are.
Try being black and getting a home mortgage loan. They keep track of who their clients are.
This sets a horrible precedence. The guy was a total sleaze bag but banks are going to want criminal background checks on all clients. Who do you think this will effect the most?
Take it further. Except in outlier cases, is the bank really expected to know all the details of some sleezy guy?
Try being black and getting a home mortgage loan. They keep track of who their clients are.
This sets a horrible precedence. The guy was a total sleaze bag but banks are going to want criminal background checks on all clients. Who do you think this will effect the most?
Take it further. Except in outlier cases, is the bank really expected to know all the details of some sleezy guy?