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NEW YORK (AP) — New York state says Deutsche Bank has agreed to pay 0 million to settle claims that it broke compliance rules in its dealings with the late sex offender Jeffrey Epstein. The penalty was announced in an agreement Tuesday by Superintendent of Financial Services Linda A. Lacewell. “Banks are the first line of defense with respect to preventing the facilitation of crime through the financial system, and it is fundamental that banks tailor the monitoring of their customers’ activity based upon the types of risk that are posed by a particular customer,” Superintendent Lacewell said in the press release. “In each of the cases that are being resolved today, Deutsche Bank failed to adequately monitor the activity of customers that the Bank itself deemed to be high risk. In the case of Jeffrey Epstein in particular, despite knowing Mr. Epstein’s terrible criminal history, the Bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions.”The release said the agreement marked the first enforcement action by a regulator against a financial institution for dealings with the financier. Epstein killed himself last August in a Manhattan federal jail while awaiting trial on sex trafficking charges. In a statement, the German bank said the settlement reflected its cooperation. Deutsche Bank CEO Christian Sewing addressed the bank's staff in a press release stating that taking Epstein on as a client in 2013 "was a critical mistake and should never have happened.""I would like to thank our colleagues involved for their determined handling of these cases and the internal investigations, which the DFS acknowledged as 'exemplary,'" Sewing said in a press release. "At the same time, we all have to help ensure that this kind of thing does not happen again. It is our duty and our social responsibility to ensure that our banking services are used only for legitimate purposes. That's exactly why we should always examine things critically, ask questions, and speak up. I also recommend that you read the DFS consent order and the client Q&A so that we are aware of our mistakes and learn the appropriate lessons from the past."It said it has significantly boosted its anti-financial crime capabilities.The state also found that other payments went to Russian models and for women’s school tuition, hotel, and rent expenses, as well as suspicious cash withdrawals — in total, more than 0,000 over approximately four years. 2490
NEW YORK CITY — Despite initially saying work would begin Thursday on a large "Black Lives Matter" mural on New York's Fifth Avenue, New York Mayor Bill de Blasio's office has now said the painting of the mural will be postponed until next week.The mayor said at his daily briefing Thursday that the delay was due to "logistics" and that his office will have more announcements about the project at a later date.De Blasio first announced the mural in late June, saying it would be painted on the famed avenue, right in front of Trump Tower. The location selected intentionally."Painting 'Black Lives Matter outside (President Donald Trump's) home is a message to him that, in fact, black lives do matter, that black people built New York City and they've never been compensated for all they did," de Blasio said.Dozens of cities across the country have painted similar murals on city streets, following in the footsteps of Washington, D.C.President Donald Trump slammed the planned mural Wednesday, calling it a "symbol of hate" in a series of tweets.Trump claimed the mural would be "denigrating this luxury Avenue" and "will further antagonize New York's Finest."De Blasio fired back on Twitter saying, "Black people BUILT 5th Ave and so much of this nation. Your 'luxury' came from THEIR labor, for which they. have never been justly compensated.""We are honoring them. The fact that you see it as denigrating your street is the definition of racism," de Blasio tweeted.On Tuesday night, New York City lawmakers approved an billion budget for 2021. That budget cuts the NYPD funding from the billion the department received in 2020 to about billion.This story was originally published by Anthony DiLorenzo on WPIX in New York City. 1752

NEW YORK (AP) — In a typical year, the newly inducted Rock and Roll Hall of Fame class would have hit the stage and perform the well-known songs that made them famous and helped them enter the prestigious organization. Not in 2020.Because of the coronavirus pandemic, this year's all-star group was inducted Saturday night in a taped HBO special that told the stories of Whitney Houston, Notorious B.I.G. and the Doobie Brothers' rise to fame and how acts like Nine Inch Nails, T. Rex, and Depeche Mode heavily impacted the music industry and generations after them.According to the Los Angeles Times, Houston's mother/manager Cissy Houston accepted her induction on her behalf.Whitney was 48 when she passed away in 2012 after she accidentally drowned due to heart problems and cocaine use, ABC reported.According to Vulture, Houston, Biggie, and T. Rex founder Marc Bolan were three 2020 inductees honored after their deaths.Notorious B.I.G., who was shot and killed in 1997, was inducted by Sean "Diddy" Combs, Vulture reported.Bolan, who died in 1977, was inducted by the former drummer for the Beatles Ringo Starr, Rolling Stone reported.The induction ceremony was initially supposed to occur in May in Cleveland, the city where the Rock Hall is located. 1267
NEW YOR CITY — A massive sinkhole swallowed an SUV in the Maspeth neighborhood of Queens on Thursday.Police said a Toyota SUV was discovered with the front end of the car in the sinkhole early Thanksgiving morning on 70th Street near 52nd Avenue.Councilman Robert Holden shared photos of the shocking scene on Twitter.Police said no one was inside the SUV at the time. It's unclear if the sinkhole caused damage to any other property. 442
New data shows that those who use Duolingo — a popular language app — can learn the equivalent of four semesters of university study. The app is free for all, and parents and teachers say it is a good supplement for students of all ages who are learning from home this fall.Averill, 10, is quite the Duolingo master. Her Spanish teacher recommended the app to pair with her in class lessons a few years back. Averill took that one step further.She's currently learning Korean. When she masters that, it will be her third language."My dad is Korean, and so my grandparents speak Korean," Averill said. "I'm trying to learn it because we're planning a trip to Korea to visit some relatives and I'm trying to learn it so I can speak to them a little bet,ter than I can right now."She likes to take what she's learned and practice on her grandparents. So far, she says, she's doing pretty well.Korean and Spanish are two of the 39 featured languages on Duolingo. This spring, when COVID-19 sent America into lockdown, new users flocked to the app. Dr. Cindy Blanco is a learning scientist at Duolingo."Our new users spiked 66%, which in any other time would be enormous but the spike continued the rest of the month," said Dr. Cindy Blanco, a learning scientist at Duolingo. "Our new user growth in March was 113%, which is unprecedented — kind of the word of the year."People were also downloading the app to keep their language skills sharp and because teachers needed help."The most important thing to not fall behind in a language course is to keep getting in front of that language," Blanco said.As a Doctor of Linguistics, Blanco is a Duolingo user herself. She's currently trying to keep up with her Russian. She's already well-versed in Spanish, French, Catalan, Italian and American Sign Language.Blanco says Duolingo offers all sorts of content, including lessons, short stories, podcasts, and seven a virtual language practicing event. Because Duolingo is app-based, it means users can access it from anywhere, anytime."It's more important than ever that we create products that can meet people where they are and where they are is at home with small handheld devices," Blanco said. "So, how can we get language learning literally in your hands?"It's also fun. The program moves away from textbooks and worksheets that many find monotonous, especially when it comes to language."We often associated language-learning with dry high school classes of textbooks and worksheets," Blanco said. "So, to see something that's fun, that you like doing, you're deceiving yourself. 'Well, I can't possibly also be learning, I'm enjoying it too much.'" 2655
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