U.S. regulators are widening the scope of a probe into Deutsche Bank’s [activities in Russia to cover possible sanctions violations, the Financial Times has reported. The German bank’s Moscow unit was already being investigated by the Justice Department and New York Department of Financial Services over allegations of money laundering. That examination of $6 billion in trades found some transactions allegedly involved U.S. dollars and a U.S. citizen, the FT said in its report Sunday, citing sources familiar with the case. If proved, the alleged breaches would be the first ones under sanctions levied on Russia after its annexation of Crimea.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News