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Deutsche Bank receives praise from regulator

Deutsche Bank - Foyer Bridge

German financial watchdog Bafin praised improvements at Deutsche Bank under chief executive John Cryan on Tuesday but a source close to the regulator said it was looking into money-laundering allegations involving bank clients in Russia.

Fired Citi trader claims he was a scapegoat

Citi Building Sign

A former Citigroup trader in Japan who was fired for allegedly trying to manipulate foreign-exchange rates in violation of internal policy told a Tokyo court he was made a scapegoat and his actions were condoned by his employer, echoing claims made by several ex-Citigroup employees in courts in other parts of the world.

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