Deutsche Bank braced for FX fines

Deutsche Bank - External

Deutsche Bank is preparing for fines in connection with investigations into possible manipulation of emerging markets currency rates and is also braced for civil lawsuits, two sources familiar with the views of the bank's management said.

Reuters reports that the bank's internal investigations have uncovered isolated irregularities in trading of the Russian rouble and the Argentine peso, one of the sources told Reuters.

The other source said Deutsche Bank had said it had found no evidence of irregularities in major currency pairs.

Deutsche Bank, the world's second-largest foreign exchange trader, has suspended around half a dozen staff in connection with currency trading irregularities and has said it is cooperating with authorities.

To access the complete Reuters article hit the link below:

Deutsche Bank braced for fines in forex probes - sources

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