Tag: Deutsche Bank

January 19, 2016 BY Mike Fox

New York Times: Deutsche Bank to face British lawsuit on Forex high-frequency trading price manipulation

A report from Jack Ewing of the New York Times states that "already troubled by recent lawsuits and official investigations, Deutsche Bank (NYSE:DB) is facing another challenge - it's about to be sued in British court for using high-speed trading software." That lawsuit asserts the lender used the trading platform known as Autobahn to take advantage…

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December 22, 2015 BY Maria Nikolova

Deutsche Bank takes $1.3 billion litigation charge to reserve for Russia Mirror Trade issues

Investment giant Deutsche Bank AG (FRA:DBK) has set aside EUR 1.2 billion ($1.3bn) in litigation reserves, mostly to cover possible liabilities regarding suspected money laundering in Russia. The scale of the transactions flagged is growing: according to a Bloomberg report, quoting people with knowledge of the matter, Deutsche Bank has identified as much as $4 billion…

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