Deutsche Bank Said to Face Fines Over Currency Trades
- Probes by Fed, N.Y. wrap up as U.S. closes criminal inquiry
- German lender is largest currency trader that hasn’t settled
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Deutsche Bank AG is expected to be fined by the Federal Reserve and New York’s Department of Financial Services for its conduct in the foreign exchange market, a person familiar with the matter said.
The German lender said Monday that the U.S. Justice Department had closed a criminal inquiry into its currency-trading activities without action.