Deutsche Bank fined $156m for Volcker rule and FX breaches
Deutsche Bank to pay a total of $156.6 million for unsafe FX practices and Volcker compliance failures.
Deutsche Bank to pay a total of $156.6 million for unsafe FX practices and Volcker compliance failures.
Deutsche Bank has revealed several new appointments within the global markets team for the Americas region.
Goldman Sachs, JP Morgan and Deutsche Bank among top institutions to clear credit default swaps with ICE Clear Credit.
Deutsche Bank will remain in the UK and plans to move HQ to new location in London.
Despite a dramatic drop in job cuts, hiring at US financial firms remained flat in January this year.
17% of equities and 6% of fixed income staff will be cut from the bank globally.
John Cryan said despite the loss, 2016 was “not a bad one for Deutsche Bank.”
Department of Financial Services in New York found Deutsche Bank conducted business in an “unsafe and unsound manner.”