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

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…

November 13, 2015 BY Maria Nikolova

UK's SFO charges 10 individuals at Barclays, Deutsche Bank with EURIBOR manipulation

The UK's Serious Fraud Office (SFO) today issued the first criminal proceedings related to EURIBOR manipulation against 10 individuals working at Barclays PLC (LON:BARC) and Deutsche Bank AG (FRA:DBK) The individuals, 6 of whom are employees of Deutsche Bank, and 4 are employees of Barclays Bank, will be charged with conspiracy to defraud in connection…

October 28, 2015 BY Mike Fox

Mizuho, Nordea and UniCredit join R3 distributed ledger and new banking technology consortium

Consortium to develop new technology for global financial markets now comprises 25 banks.

October 09, 2015 BY Mike Fox

Deutsche Bank becomes a direct participating bank of China’s newly launched CIPS

China's cross-border interbank payments system, established as a yuan-based alternative to the interbank Swift network, has launched with 11 domestic banks and eight foreign institutions onboard.

September 28, 2015 BY Maria Nikolova

Swiss competition watchdog probes seven major banks over metals market manipulation

The Swiss Competition Commission alleges possible illegal competition agreements among the banks to coordinate prices of gold, silver, platinum and palladium.

July 15, 2015 BY Andrew Saks-McLeod

Deutsche Bank in regulatory hot water over money laundering in Russia

The New York State Department of Financial Services is investigating Deutsche Bank over an alleged series of trades in which $6 million was allegedly the subject of money laundering in Russia

July 07, 2015 BY Mike Fox

Global banks, service providers and market infrastructures create new hub for end-to-end margin processing

Goal is to facilitate compliance with new margin regulations for non-cleared derivatives effective in 2016.

April 23, 2015 BY Andrew Saks-McLeod

CFTC hits Deutsche Bank for largest fine in history, taking total penalty to $2.5 billion

The CFTC, FCA, US Department of Justice, and New York State Department of Financial Services have collectively issued their penalties to Deutsche Bank, with fines topping $2.5 billion

March 11, 2015 BY Andrew Saks-McLeod

Deutsche Bank takes stake in Plus500 back below 7%

Deutsche Bank now holds 6.88% interest in Plus500 having relinquished a proportion of shares. The global bank had increased its holding to 7.23% in February

February 21, 2015 BY Maria Nikolova

Deutsche Bank increases its stake in Plus500 to 7.23%

Interest by investment banks into Plus500 Ltd (LON:PLUS) is not losing its force, as Deutsche Bank AG (FRA:DBK) has just raised its shareholding in the CFD broker. According to data released on Friday, the investment bank bought 2,124,445 shares in the broker on February 18, 2015. This way, the total number of shares Deutsche Bank…

Tag: Deutsche Bank