Must Reads More Than $230 Billion Flagged in Money Laundering Probe at Danish Bank: The scope of an already massive Russia-linked money laundering case swelled when Denmark’s largest bank said more than $230 billion in transactions flowed through its tiny Estonian branch, a larger amount than previously reported. Deutsche Bank Senior Banker Advised Bosses to Consider Breakup: A senior investment banker at Deutsche Bank AG recommended earlier this year that the troubled German lender consider breaking itself up, and other long-term strategic options, to address its persistent competitive weaknesses, according to people familiar with the matter. U.K. Inflation Accelerated in August: Annual inflation in the U.K. unexpectedly accelerated in August, driven by higher prices for airfares, theater tickets and clothes. Italy Faces Crunch Time on Budget: Italy’s new populist government is facing a difficult decision: How to reconcile its expensive election promises with the reality of the country’s fragile finances. Germany’s Intelligence Chief Loses Post Over Comments on Far-Right Protests: The German government is replacing a top intelligence official less than two weeks after he made comments that appeared to play down far-right violence at the margins of recent anti-immigration protests. McDonald’s Avoids Fines as Europe Rules Its Tax Deal Is Legal: European Union regulators said that McDonald’s’ tax arrangement in Luxembourg is legal, dropping an investigation against the U.S. fast-food giant in contrast with a barrage of fines levied on American tech firms. |