 Bond and Vesper travel to Venice . M calls Bond and tells him the money was never deposited , and Bond realizes Vesper has stolen the money . He pursues her and her clients into a building under renovation . In the ensuing struggle , the building is damaged and begins sinking into the Grand Canal . Bond kills Vesper 's accomplices and tries to rescue her , but she drowns herself as the building sinks . Mr. White , watching nearby , walks away with the money . 
