Deutsche Bank Is First Bank Busted for Breaking the Volcker Rule

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Deutsche Bank Is First Bank Busted for Breaking...
 © CyprusDaily 2018
Deutsche Bank AG was hit with the Federal Reserve’s first major fine for failing to ensure traders abide by the Volcker Rule’s ban on risky market bets — and will pay even more for letting currency desks chat online with competitors, allegedly revealing positions.

The simultaneous sanctions, totaling almost $157 million, fault lax oversight of traders that persisted into last year. The company — which raised $8.5 billion from investors this month to recapitalize — admitted to the Fed in March 2016 that it still lacked adequate systems for keeping tabs...


This article was automatically added to our system 21-4-2017

Deutsche Bank Is First Bank Busted for Breaking the Volcker Rule


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