db-02Deutsche Bank fined $157m over alleged violations

 

This is a www.fnlondon.com article.

 

Deutsche Bank has agreed to pay $157 million in penalties to the Federal Reserve over alleged rule violations, The Wall Street Journal reports.

The bulk of the total fine announced Thursday, $136.9 million, is for alleged violations of currency trading regulations, a settlement related to a broader investigation into collusion by several global banks to move foreign currency rates.

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