Deutsche Bank is in debt up to the neck

Deutsche Bank is in debt up to the neck
Дата: Friday April 21st, 2017

The largest bank in Germany is accused of failing to manipulate foreign exchange markets. According to the ruling of the US court, Deutsche Bank had to pay a fine – more than one hundred and fifty million dollars.

Penalties against the bank have been applied repeatedly. More than $ 400 million was paid to the financial regulator of New York (NYSDFS) for  back-to-back transactions in Russia, from 2011 to 2015. As a result, Russia withdrew ten billion dollars, violating the laws of New York.

Last year was completely unsuccessful, the bank finished with a loss of 1.4 billion euros. Charges in illegal frauds with mortgage securities in the US had to be paid. The amount was solid – more than seven billion euros.

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