Deutsche Bank to Pay $205M for Forex Trading Manipulation
Zacks, 21 June 2018
Deutsche BankDB has been imposed a penalty of $205 million by the New York regulator for improper foreign exchange trading activities it conducted in the period between 2008 and 2013.
Lately, Deutsche Bank has been cutting back its failing operations globally with a view to save itself from a serious downturn. However, it still remains exposed to a horde of investigations and legal matters that might dent its financials. Continue reading “Article: Deutsche Bank to Pay $205M for Forex Trading Manipulation”
Credit Suisse fined $135 million over unfair forex practices
Manaya Bagga, 14 November 2017
Credit Suisse has agreed to pay $135 million to resolve a probe of misconduct in its foreign exchange business. New York’s banking regulator Department of Financial Services (DFS) said Credit Suisse improperly shared information to manipulate currency prices and benchmark rates, and deceived customers to enhance its profits. The bank engaged in “unsound conduct” from 2008 to 2015, DFS added.
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