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Deutsche Bank pulls sale of Mexico unit to local bank

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Deutsche Bank (DBKGn.DE) said on Sunday it planned to terminate an agreement to sell its Mexican assets to local bank Accendo Banco, without giving further details.

“We will continue to keep the best interests of our employees and clients in mind as we consider alternative options,” the bank said in a statement.

Accendo said in a statement that it did not agree with the plan to suspend the deal and that it was still analyzing it.

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Accendo announced the deal in late 2016 but was forced to put it on hold after a shareholder was arrested in the United States on charges of laundering more than $100 million.

Mexico’s banking regulator last year cleared the bank of wrongdoing in connection with the U.S. charges, allowing the acquisition to continue, although it imposed $1.3 million in fines on the bank for lesser violations.

Reporting by Noe Torres; Editing by Cynthia Osterman


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Controversial Contractors for Trump’s highly-criticized $3 billion food aid program hire lobbyist to tout their work

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Companies receiving taxpayer dollars as part of President Donald Trump’s signature food aid program hired a longtime lobbyist to push back on criticism that the government is relying on unqualified contractors, such as an event planner.

“We’re working to take the stories of the impact this is having on farmers, processors, distributors and end users and making sure some positive aspects of the program, from both the economic and social standpoints, are out there too,” said the lobbyist and industry consultant, Dale Apley, who reached out to ProPublica on behalf of the contractors. “It’s not all just certain stories about certain companies that maybe shouldn’t have been awarded contracts.”

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Ivanka Trump ‘urged’ Trump’s Bible photo-op — which could become a ‘defining moment’ of his presidency: NYT

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First daughter and senior White House advisor Ivanka Trump "urged" her father to take part in a controversial photo-op with a Bible according to a new report from The New York Times.

"After a weekend of protests that led all the way to his own front yard and forced him to briefly retreat to a bunker beneath the White House, President Trump arrived in the Oval Office on Monday agitated over the television images, annoyed that anyone would think he was hiding and eager for action," the newspaper reported.

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The psychology of protesters — and the psychology of people who hate them

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It is hard to imagine that anyone who watched the horrific video of George Floyd being asphyxiated by Minneapolis police officer Derek Chauvin would come away feeling empathy for the police force that stood by and let it happen. And yet, amid the biggest coordinated civil rights protests in the United States since 1968, there are many voices out there who find excuses to defend cops like Derek Chauvin, who is now facing charges of third-degree murder and second-degree manslaughter.
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