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Deutsche Bank sees more legal woes

Deutsche Bank - External

Deutsche Bank, which has faced the highest legal bills among continental European lenders, will probably set aside even more capital or shrink businesses as global regulators tighten the rules for how banks measure risk.

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C Suisse agrees to pay $90m penalty

The Securities and Exchange Commission announced that Credit Suisse has agreed to pay a $90m penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business.