German Bank (DB – Free Report) is in trouble again, as the German regulator – BaFin – has asked the bank to monitor information on about 20,000 at-risk clients of the bank's finance and investment division. Here at the end of June. The news was reported for the first time by Handelsblatt.

As part of this process, all important customer information and documents must be readily available by June. In addition, clients at risk need to be reassessed on the basis of the new Money Laundering Directive.

The paper also indicated that the mid-risk client review could be completed by June 2020, while the reassessment of lower-risk clients could be completed by 2021.

In the past, BaFin has also accused Deutsche Bank of weaknesses in its money laundering surveillance process. In September 2018, he was responsible for improving such processes.

The bank was urged to take appropriate internal control measures and to "comply with the general due diligence requirements". At the time, Deutsche Bank was in agreement with BaFin on the need to improve processes to properly control wrongdoing. In addition, the regulator instructed KPMG to report and evaluate the progress of the ordered measures.

In the event of failure to comply with its obligations, BaFin may impose financial sanctions on the bank or even dismiss certain members of the board of directors.

Last year, Deutsche Bank was not a good year, as global headwinds and its involvement in numerous court investigations led to the share price at unprecedented levels.

In December 2018, antitrust regulators of the European Union accused Deutsche Bank, Credit Agricole and Credit Suisse (CS – Free Report) of falsifying prices of government bonds denominated in US dollars for a period of time. 39, about seven years (2009-2015).

In addition, suspicions about the involvement of the German lender in processing nearly $ 150 billion in potential payments to Danske Bank, which is at the heart of one of the biggest money laundering scandals in Europe, detracted from his performance.

In six months, the stock has lost 23.3% on the NYSE, against a decline of 4.2% recorded by the sector.

Deutsche Bank currently holds the Zacks 4 (sale) ranking.

HDFC Bank Limited (HDB – Free Report) and HSBC Holdings plc (HSBC – Free Report) are some of the top ranked stocks in the same space. These two actions carry the Zacks Rank # 2 (Buy). You can see You will find here the complete list of Zacks actions # 1 of the current rank (strong purchase).

The Zacks consensus estimate for HDFC Bank has remained stable for the current year, over the past 30 days. The company's share price has increased 60.9% in the last two years.

HSBC's earnings estimates for 2018 have been revised upwards by 5.3% in the last 30 days. The share price has increased slightly in the last two years.

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