Bank analyst: ‘absurd’ to think banks are working with terrorists

Bank stocks came under heavy selling pressure Monday after leaked documents said major public companies like JPMorgan Chase & Co. (NYSE: JPM) and Deutsche Bank AG (NYSE: DB) “kept profiting from powerful and dangerous players.” The report details A deep-dive investigation into suspicious banking activity by the International Consortium of Investigative Journalists said global bank giants have been linked to suspicious activity for two decades, Bloomberg reported. Illicit transactions were even ongoing after the U.S. government introduced penalties on the very same financial institutions. Internal compliance officers at banks flagged more than $2 trillion worth of transactions for potential money