Fed fines Deutsche Bank $156.6m for FX and other violations

The US Federal Reserve has fined Deutsche Bank $156.6m in civil penalties for foreign exchange (FX) misdemeanours and failing to adhere to speculative investment Volcker rules. Deutsche Bank will have to pay $136.6m for “unsafe and unsound” practices in the FX markets and an additional $19.7m for failing to maintain an adequate Volcker rule compliance programme prior to 30 March…

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