Deutsche Bank London Threatened to End Business With Russia

The video discusses an incident involving Deutsche Bank sending a form letter to the Russian government, highlighting issues in their Know Your Customer (KYC) process. The bank faces challenges in compliance and internal controls, exacerbated by regulatory pressure. The incident reflects broader organizational issues, with minimal business impact due to reduced dealings with Russia since the Crimea invasion.

What factors contributed to the stress within Deutsche Bank as mentioned in the text?

What has been the trend of Western banks' business with the Russian government since the invasion of Crimea?