Germany’s largest bank is to pay US and UK authorities over €500 million in fines for laundering billions of euros of shady Russian money.
Deutsche Bank (DB) agreed on the two penalties with the Department of Financial Services in New York (€397m) and the Financial Conduct Authority in London (€191m).
The fines come on top of earlier penalties, worth billions, for mis-selling US mortgage securities, helping to rig an interbank lending rate called Libor and evading sanctions on Ir...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.