Deutsche Boerse AG said U.S. regulators may fine its Clearstream settlement unit as much as $340 million over possible violations of sanctions against Iran.
Clearstream has started talks on a deal with the U.S. Treasury Department’s Office of Foreign Assets Control related to securities transfers within its settlement system in 2008, the Frankfurt-based exchange said in a statement today. Deutsche Boerse shares rose 0.2 percent to 47.03 euros at the close of trading in Frankfurt.
