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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.

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.

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Reporting by Noe Torres; Editing by Cynthia Osterman


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National security lawyer: Trump might ‘already be in prison’ if not for the DOJ policy

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On Thursday, newly unsealed documents showed that FBI agents believed President Donald Trump was personally involved in the illegal scheme to pay off porn star Stormy Daniels to keep quiet about an affair she had with him ahead of the 2016 presidential election. Furthermore, the Office of Legal Counsel memo prohibiting the indictment of a sitting president reportedly "factored into" the end of the probe.

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Trump picks Antonin Scalia’s son to replace disgraced former Labor Secretary: report

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On Thursday, NPR reported that President Donald Trump is naming Eugene Scalia, the son of the late Supreme Court Justice Antonin Scalia, to take over as Secretary of Labor.

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On Thursday's edition of MSNBC's "The Beat," Ari Melber confronted acting Customs and Border Protection Commissioner Mark Morgan about President Donald Trump's empty threat of "mass raids" of communities nationwide by immigration officials — and Morgan was not pleased.

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