Deutsche Bank Agrees $190 Million Settlement in US FX Rigging Lawsuit

[kreslik.news]

German banking giant Deutsche Bank has agreed to pay $190 million in penalties to settle its involvement in an antitrust lawsuit alleging that the lender’s traders routinely manipulated the forex market for their own profit.

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The preliminary cash settlement with investors was disclosed in papers filed in the US District Court in Manhattan on Friday, and requires a judge’s approval.

While it is not clear what the final payment will be, a fine as high as $190 ... (read more)