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More Than $230 Billion Flagged in Money Laundering Probe at Danish Bank

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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 BreakupA 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 ProtestsThe 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 LegalEuropean 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.

In the Papers

Theresa May to Bypass Michel Barnier in Drive to Win Over EU Leaders   Financial Times

Inside Steve Bannon’s Plans for a New European Political Order    Bloomberg

Britain Set for Tough New Curbs on Low‑Skilled Immigrants    The Times

EU Push to Clean up Migration Mess Only Makes it Messier     Politico

Bank of England's Haldane Says Firms' Brexit Worries 'Up Sharply'    Reuters

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