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.
Reporting by Noe Torres; Editing by Cynthia Osterman
National security lawyer: Trump might ‘already be in prison’ if not for the DOJ policy
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.
Trump picks Antonin Scalia’s son to replace disgraced former Labor Secretary: report
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.
Scalia, who served on the court from 1986 to his death in 2016, was known as one of the staunchest conservatives on the bench. His seat was deliberately kept vacant by Republicans for over a year to deny President Barack Obama the ability to make an appointment to it.
The Department of Labor was until this month run by former federal prosecutor Alexander Acosta, who resigned in disgrace amid renewed questions about his role in brokering a potentially illegal sweetheart plea agreement with hedge fund manager and accused child sex trafficker Jeffrey Epstein.
Trump official melts down on MSNBC after refusing to admit Trump lied to America
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.
"The president said there would be these mass raids. Described as thousands of arrests," said Melber. "Were there mass raids, yes or no?"
"First of all, I don’t actually call this a raid," said Morgan. "I think words matter."
"Words matter, so I’m going to get to your response," said Melber. "Were there mass raids as promised?"