Deutsche Bank Fined $205 Million by NY Regulator over Forex Violations

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Deutsche Bank Fined $205 Million by NY Regulator over Forex Violations

Postby kreslik.news » Tue Jun 19, 2018 7:45 pm


German banking giant Deutsche Bank has agreed to pay $205 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.

The preliminary cash settlement with the New York’s Department of Financial Services was disclosed on Wednesday, and requires a judge’s approval.

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The foreign exchange violations were discovered during a four-year-old review of dealings at the bank, from 2008 through 2013, the DFS said in a consent order reached with the Frankfurt-based bank. The New York regulator had ... (read more)

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