Posted on 02/27/2016 5:49:13 AM PST by Olog-hai
Germany's financial regulator has said it won't take further action against the country's largest bank over alleged interest rate rigging and precious metals price fixing. The moves takes the spotlight off a former boss.
The watchdog, known as Bafin, announced on Thursday it had ended several major special audits against Deutsche Bank. [...]
Deutsche Bank paid $2.5 billion (2.26 billion euros) in fines in April last year after investigations on manipulating interest rates. The bank was also probed for its role in rigging prices of gold, silver, platinum and palladium. It also recorded a multibillion-euro loss for 2015.
Bafin officials also closed a special audit into a derivatives trade that Deutsche Bank made with Italian bank Banca Monte dei Paschi di Siena. ...
(Excerpt) Read more at dw.com ...
well glad That was settled
...in return for Deutsche Bank giving cash handouts to Syrian refugees, right? /sarc (but probably likely enough true, under the table)>
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.