DEUTSCHE BANK FINED $630M

January 31, 2017

✦ The Financial Conduct Authority (FCA), Britain’s official financial regulator, has fined Deutsche Bank (XETRA:DBK) $630 million for anti-money laundering control failings with regard to alleged “mirror trades”, carried out by its Russian clients. This fine is considered the biggest ever imposed by the FCA.

✦ As of 08:00 GMT, the German-based banking giant was trading at 18.75 (down 2.57%).

 

 

 

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