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Jakarta, CNN Indonesia –
Values Several large banks in the world collapsed in their operations on Monday (9/21). The inventory correction is inseparable from reports on the participation of banks in the flow of ‘illicit money’ globally.
Deutsche Bank shares fell 1.62 percent to the US $ 9.09 position during the trading break on Monday (9/21) on the New York Stock Exchange (NYSE). The trigger was a media report that said the German financial services company was involved in money laundering.
Quotation AFPWhen the scandal occurred, the current CEO of Deutsche Bank, Christian Sewing, was the director of the Audit Division.
For information, the International Consortium for Investigating Journalists (ICIJ) has revealed that illicit money flows through the world’s largest banks. The findings come from classified documents from US authorities, namely the US Department of the Treasury Financial Crimes Enforcement Network, also known as FinCEN.
FinCEN’s documents include more than 2,100 suspicious activity reports submitted by banks and other financial firms to the agency.
In the document, the ICIJ found more than $ 2 trillion in illicit transactions between 1999 and 2017 through high-profile global banks. Of this amount, the majority went through Deutsche Bank for $ 1.3 trillion and JPMorgan for $ 514 billion.
In its report, ICIJ also mentioned a number of other large banks such as HSBC, Standard Chartered Bank and Bank of New York Mellon. They are said to have continued to profit from the dangerous practice, even after the US authorities fined the financial institution for failing to stop the earlier flow of illicit money.
Aside from Deutsche Bank, JPMorgan shares fell 0.21 percent to $ 98.35, HSBC Holdings’ shares fell 2.04 percent to $ 19.73, and Standard Chartered fell 5.20. per cent at £ 340.70.
Meanwhile, the US stock market was slow. The Dow Jones Index fell 0.88 percent to 27,657, the S&P 500 fell 1.12 percent to 3,319 and the Nasdaq Composite fell 1.07 percent to 10,793.
On the other hand, the German DAX index fell 3 percent due to the fall of Deutsche Bank, which was also listed as a double listing on the Frankfurt Stock Exchange.
[Gambas:Video CNN]According to the Strait Times report, HSBC and Standard Chartered shares also fell to their lowest level in more than two decades due to the Hong Kong Stock Exchange report. For the record, the two big banks are registered as double listings.
In Hong Kong, HSBC shares fell 5.3 percent to Hong Kong’s $ 29.60, the lowest level since 1995. The drop was deeper than on the London Stock Exchange.
Not unlike, Standard Chartered shares fell 6.2 percent to HK $ 34.90, which is the lowest level in 22 years.
(ulf / sfr)
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