The Central office of Deutsche Bank in Frankfurt am main
The US Federal reserve fined the Bank $ 156 million.
The Federal reserve system (the fed) has fined Deutsche Bank 156,6 million dollars, said the us regulator. In particular, the largest German Bank fined for “unsafe practices on the foreign exchange markets.”
This is not the first penalty that Deutsche Bank receives in the United States. At the end of March 2017 court of Connecticut ruled that Deutsche Bank Group Service, whose headquarters is in London, is obliged to pay 150 million dollars in fines for manipulation of interest rates. Previously the credit organization was fined $ 425 million for the scheme “mirror transactions” with Russian shares.
Deutsche Bank’s 2016 year ended with a loss in the amount of 1.4 billion euros. The cause of loss, in particular, were charged with illegal fraudulent mortgage securities in the United States, whereby Deutsche Bank agreed to pay 7.2 billion euros in fines and compensation.
Recall that Deutsche Bank will pay a fine in the amount of 630 million dollars for the illegal scheme output 10 billion dollars from Russia.
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