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Your Wednesday Briefing

NYTimes.com Wednesday, 28 August 2019
Purdue Pharma, Deutsche Bank, Puerto Rico: Here’s what you need to know.
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Deutsche Bank Deutsche Bank German banking and financial services company

Deutsche Bank to pay $150 million for dealings with Jeffrey Epstein, foreign banks

New York banking regulators reached a deal with Deutsche Bank to settle claims that it failed to respond to red flags with Jeffrey Epstein's accounts.

USATODAY.com
Deutsche Bank to pay $150 mln penalty over Epstein [Video]

Deutsche Bank to pay $150 mln penalty over Epstein

New York authorities have fined Deutsche Bank $150 mln over failures including the services it provided to Jeffrey Epstein - the former financier who committed suicide while awaiting trial on charges of trafficking minors. Julian Satterthwaite reports.

Credit: Reuters Studio    Duration: 01:09Published
Stocks gain even as China contagion fears rise [Video]

Stocks gain even as China contagion fears rise

Most Asian and European stock indexes rose Wednesday, even after signs of a rise in new coronavirus cases in China. Julian Satterthwaite reports.

Credit: Reuters Studio    Duration: 01:15Published
Economists Suspect Millions More Americans Have Filed For Unemployment [Video]

Economists Suspect Millions More Americans Have Filed For Unemployment

The US Labor Department will release the official jobs report for the week ending May 23rd, 2020, on Thursday. But according to Business Insider, economists predict an additional 2.1 million Americans filed for unemployment insurance during that week. Declining claims show the US is already beyond the peak of layoffs, furloughs, and terminations. However, Deutsche Bank economist Justin Weidner said Americans can't necessarily count on things improving rapidly.

Credit: Wochit News    Duration: 00:34Published
Justice Breyer: Why not subpoena Trump like any other 'human?' [Video]

Justice Breyer: Why not subpoena Trump like any other 'human?'

U.S. Supreme Court Justice Stephen Breyer asked, "why not apply the standard that is ordinarily applied to every human being in the United States?" as President Donald Trump's lawyers sought to justify the president's bid to block Congress from getting access to his financial records.

Credit: Reuters Studio    Duration: 02:23Published

Puerto Rico Puerto Rico Island of the Greater Antilles in the Caribbean

Puerto Rico, Still Reeling From Old Disasters, Is Slammed by Covid-19

The island has had to weather a hurricane, a political crisis and earthquakes, but those crises did not lead to the widespread unemployment caused by the..
NYTimes.com

Hurricane fallout creates financial ruin for Puerto Rico's seniors with reverse mortgages

Reverse mortgages are failing at nearly double the U.S. national average in Puerto Rico, a problem magnified by natural disasters.

USATODAY.com
Cuomo: Federal government 'making a historic mistake' with COVID-19 [Video]

Cuomo: Federal government 'making a historic mistake' with COVID-19

New York Governor Andrew Cuomo on Wednesday said that the federal government is "making a historic mistake" in its handling of the coronavirus, citing 20 states and Puerto Rico who are seeing spikes in cases.

Credit: Reuters Studio    Duration: 01:50Published

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