Friday, 21 April 2017

Deutsche Bank: First Bank Busted For Breaking Volcker Rule

Deutsche Bank was hit with the Fed’s first major fine for failing to ensure traders abide by the Volcker Rule’s ban on risky market bets — and will also pay more for allowing currency desks chat online with competitors, allegedly revealing positions. The simultaneous sanctions, totaling about $157 million, fault lax oversight of traders that persisted into last

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