You have to pay Deutsche Bank a lot for bribery and market manipulation

A Reuters reported that the bank had reached an agreement with the U.S. Department of Justice (DoJ) to postpone the proceedings for three years and also entered into a civil law agreement with the Securities and Exchange Commission (SEC).

Almost all of the fine was imposed on the bank for violating a U.S. law called the Foreign Corrupt Pracites Act (FCPA), with violations against Saudi Arabia, Abu Dhabi, China and Italian partners, according to court documents, two-thirds of the nearly $ 125 million payment criminal fine.

A spokesman for the bank said they would take responsibility for the acts in the case between 2008 and 2017, conduct a comprehensive internal investigation and cooperate fully with the authorities.

Reuters recalls that after five years, the bank wants to be profitable again, to do so it is shutting down many of its activities and making 18,000 redundancies in those years.

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Source: – Bank by

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