Oct
28
Deutsche Bank Is Expected to Settle Sanctions Violation Case for at Least $200 Million
ByDeutsche Bank, the German financial giant with a big presence on Wall Street, is close to settling one of the many government investigations it currently faces.
In a deal that is expected to be announced as soon as next week, Deutsche Bank would pay at least $200 million to resolve investigations into its dealings with countries like Iran and Syria, according to officials briefed on the matter.
The investigations, led by New York State’s financial regulator and the Federal Reserve, have centered on whether the bank’s New York branch processed transactions for clients in those countries in violation of United States sanctions laws…
Deutsche Bank Is Expected to Settle Sanctions Violation Case for at Least $200 Million
