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The New York branch of the German banking giant has been fined $205 million by NY’s Department of Financial Services (DFS) for illegal FX trading activity.
Deutsche Bank AG will pay a fine of $205 million to the New York State Department of Financial Services (DFS) for violations of New York banking law that include “efforts to improperly coordinate trading activity through online chat rooms, improperly sharing confidential customer information, trading aggressively to skew prices, and misleading customers.” The fine and...
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