Today’s Installment Of ‘Bad News At Deutsche Bank’
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Is really not that bad! Sure, John Cryan & co. will be cutting another novelty-sized check at the conclusion of yet another probe into alleged wrongdoing. But that’s one less challenge—not that there aren’t still plenty more!—and they won’t even be writing it out to the Justice Department, which has decided to let this one go, possibly to focus more attention on its other criminal investigation into the bank over violating sanctions on Russia.
The German lender said Monday that the U.S. Justice Department had closed a criminal inquiry into its currency-trading activities without action.
But regulators are in the final stages of their own reviews of that conduct to determine what fines, if any, the bank should pay, the person said. The Federal Reserve has finished its investigation, the person said, and the New York bank regulator is close to wrapping up its own probe….
Today’s Installment Of ‘Bad News At Deutsche Bank’
