Deutsche Bank Gearing Up for Settlement with US Regulators Over FX Conduct

[kreslik.news]

Just one day after dodging a fine from the US Department of Justice (DoJ) with regard to its foreign exchange (FX) activities, Deutsche Bank has now indicated that it expects to be docked with a monetary penalty from both the Federal Reserve and New York’s Department of Financial Services (DFS), according to a Bloomberg report.

The unwelcome news follows on the heels of yesterday’s announcement that a criminal investigation by the DoJ into the handling of Deutsche Bank’s FX activities was closed, resulting in no fine or discipline for the lender. The development came nearly three years after an ... (read more)