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Deutsche Bank Settles ‘Improper’ FX Conduct Case

June 27, 2018 by Louis Chunovic

Deutsche Bank Settles ‘Improper’ FX Conduct Case

Deutsche Bank AG will pay a fine of $205 million to the New York State Department of Financial Services (DFS) for violations of New York banking law that include “efforts to improperly coordinate trading activity through online chat rooms, improperly sharing confidential customer information, trading aggressively to skew prices, and misleading customers.” The fine and… Read More >>

Filed Under: Securities Operations, Buy-Side, Data Management, Operational Risk, General Interest, Governance, Back-Office, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: Department of Financial Services, Deutsche Bank AG, FX, improper conduct, Maria T. Vullo, settlement

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