Bank shares were reeling Monday morning following a report charging that JPMorgan Chase (JPM) – Get Report, Deutsche Bank (DB) – Get Report and other financial services companies had defied money laundering crackdowns even after being fined by U.S. authorities.
The report by the International Consortium of Investigative Journalists found five global banks moved “staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermined democracy around the world.”
