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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

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...

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