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Deutsche Bank Gets Six-Month Trading Ban in South Korea

Deutsche Bank AG was given the heaviest penalty ever levied on any securities firm in South Korea for triggering a Nov. 11 stock market rout that erased $26 billion of value.

Deutsche Bank will be banned from trading shares and derivatives for its own account in the country for six months, the Financial Services Commission said yesterday. The regulator will ask prosecutors to investigate five employees at the Frankfurt-based firm.