US Department of Justice Closes Probe into Deutsche Bank’s FX Activities

[kreslik.news]

Deutsche Bank can finally turn the page on a lingering US Department of Justice (DoJ) criminal investigation into its handling of foreign exchange (FX) activities, ultimately closing its probe for the German lender, according to a report on the Financial Times.

The announcement comes nearly three years after an industry wide scandal into FX rate rigging and manipulation roiled global lenders. Since then a consortium of leading lenders have been fined upwards of $5.6 billion with both US and UK regulatory authorities – settlements reconciled a litany of allegations into illicit behavior dating back several years.

For Deutsche Bank’s part, the news ... (read more)