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Union challenges Deutsche Bank's casino investment

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Published Fri, Jul 10, 2015 · 09:50 PM

Los Angeles

DEUTSCHE Bank AG is facing a union challenge to a casino investment as a result of its involvement in the London Interbank Offered Rate manipulation scandal.

The bank, which in April agreed to a US$2.5 billion fine and settled fraud charges by US and UK authorities, is being targeted by the Culinary Workers Union Local 226 in Las Vegas. The union has asked Nevada casino regulators to review the bank's 25 per cent ownership of Station Casinos LLC.

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