Skip to content
Subscriber Only

Deutsche Bank Fined $7.8 Million on Transaction Reporting

Deutsche Bank AG, Europe’s biggest investment bank, was fined 4.7 million pounds ($7.8 million) by the British markets regulator for failing to properly report millions of transactions.

A coding error reversed a buy/sell indicator, leading Deutsche Bank to improperly report on 29.4 million equity swap contracts for difference transactions between November 2007 and April 2013, the Financial Conduct Authority said in a statement today.