German Deutsche Bank will pay the Department of financial services of the state of new York $425 million for the impact of the withdrawal from Russia of $10 billion in 2011-2015 it is reported TASS with reference to Reuters.
The British authorities also intend to fine the Bank $200 million for hosting the controversial financial operations.
We are talking about a scheme through which Bank customers were buying securities for Russian roubles in Moscow and promptly sold them in foreign currency through a Bank branch in London.
Also, the regulator suspects the Bank in collaboration with the clients against whom there are sanctions in connection with events in Ukraine.
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