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COPENHAGEN (Reuters) – Danske Bank

helped Deutsche Bank

facilitate suspicious trades worth over $600 million through its branch in Lithuania between 2012 and 2015, Danish media outlets reported on Thursday.

The reports, by newspapers Berlingske and Politiken and public broadcaster DR, cited leaked documents from Deutsche Bank obtained by the German daily Suddeutsche Zeitung and later shared with the International Consortium of Investigative Journalists (ICIJ).

The documents appear to show that Deutsche Bank moved around 4 billion Danish crowns ($627 million) in so-called mirror trades through Danske Bank in Lithuania, the Danish outlets reported.

Deutsche Bank declined to comment, and Danske Bank said it could not comment on specific matters due to ongoing investigations by authorities.

In 2017, Deutsche paid a $425 million fine in the United States over a mirror trading scheme, which moved $10 billion out of Russia between 2011 and 2015.

Mirror trades – for instance, buying

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FRANKFURT, GERMANY – MAY 18: Shareholders walk past a huge Deutsche Bank logo during the banks annual shareholders meeting on May 18, 2005 in Frankfurt, Germany. Deutsche Bank will go ahead with targeted acquisitions and job cuts to enforce the banks global competitiveness. (Photo by Ralph Orlowski/Getty Images)


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  • Visit Business Insider’s homepage for more stories.

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In some parts of the country, the federal government has provided coronavirus relief grants to more businesses than are eligible to receive them, at a cost of at least $1.3 billion.

analysis by Bloomberg Businessweek found 52 congressional districts in which the number of recipients of emergency grants made by the Small Business Administration exceeded the number of eligible small businesses.” data-reactid=”20″An analysis by Bloomberg Businessweek found 52 congressional districts in which the number of recipients of emergency grants made by the Small Business Administration exceeded the number of eligible small businesses.

The grants, made through the now-depleted $20 billion Economic Injury Disaster Loan program, were intended to help small businesses keep their doors open during the coronavirus crisis. Firms could receive $1,000 per employee, up to $10,000. But the analysis found that in some cases far more small businesses receiving the maximum grant of $10,000 than there were

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  • Visit Business Insider’s homepage for more stories.

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The new policy is intended to target accounts from which Instagram sees “a pattern of potential

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