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Olympus-related probe delays Commerzbank's settlement in Iran case

Joint settlement now likely to cost the German bank more than US$650m

Published Thu, Oct 16, 2014 · 09:50 PM
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New York

COMMERZBANK AG's settlement with the US authorities over alleged sanctions violations has been postponed, possibly until the end of the year, as prosecutors seek to coordinate the resolution of a separate probe stemming from transactions at the German bank connected to the massive Olympus Corp accounting fraud, according to people familiar with the matter.

Commerzbank had been primed to settle with US regula…

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