Deutsche Bank

Stories

Tanzania secures $1.2 billion commercial financing for Tabora–Kigoma railway

Co-arranger of the syndicate

Tanzania signed a $1.2 billion commercial loan on November 4 to build a 411-kilometre electrified railway from Tabora to Kigoma, on the shore of Lake Tanganyika. Nine banks provided the money. An $800 million partial credit guarantee from the African Development Bank covers $720 million of the lending if Tanzania defaults.

Updated 2 days ago

Banks that served Epstein have now paid over half a billion dollars to trafficking survivors

Money Moves

As of May 2026: Settled for $75 million; fined $150 million by New York regulator

Bank of America agreed to pay $72.5 million to settle a lawsuit alleging it ignored red flags in Epstein's banking, including over $170 million in Leon Black payments not reported as suspicious until his 2019 death. On April 3, U.S. District Judge Jed Rakoff approved the settlement, following $290 million JPMorgan Chase and $75 million Deutsche Bank settlements in 2023.

Updated May 30