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...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? LoginAndrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.