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Deutsche to pay US$425m over Russian trades

"Mirror trades" moved US$10b out of Russia between 2011 and 2015, New York regulator finds

Published Tue, Jan 31, 2017 · 09:50 PM
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Frankfurt

DEUTSCHE Bank AG has agreed to pay US$425 million to New York's banking regulator over a "mirror trading" scheme that moved US$10 billion out of Russia between 2011 and 2015, the regulator said on Monday.

In addition, Britain's Financial Conduct Authority is about to penalize the bank roughly US$200 million for the suspicious trades, a person familiar with the matter said.

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