Deutsche Bank to pay nearly $125m to settle US bribery charges
Almost all of the settlement relates to charges over the German bank's dealings in Saudi Arabia, United Arab Emirates, China and Italy
10 January 2021 - 21:32
New York — Deutsche Bank will pay nearly $125m to avoid US prosecution on charges it engaged in foreign bribery schemes and manipulated precious metals markets, the latest blow for the bank as it tries to rebound from a series of scandals.
Germany's largest lender agreed to the payout as it entered a three-year deferred prosecution agreement with the US department of justice, and a related civil settlement with the US Securities and Exchange Commission...
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