As Deutsche Bank Chief Turns to Legal Woes, Here's What He Faces
- Foreign exchange, mirror trade investigations unresolved
- Bank had $6 billion set aside for legal costs at end of 2015
CEO Cryan Allays Fears of 'Rock Solid' Deutsche Bank
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Deutsche Bank AG boss John Cryan vowed Tuesday to personally lead his institution to swiftly resolve its legal and law-enforcement challenges around the world.
The bank is grappling with matters that many of its global rivals have put behind them -- including U.S. probes into its mortgage-backed securities business and into whether its traders colluded to manipulate currency rates. In a more recent development, the bank is being investigated by U.S. and U.K. authorities over whether its internal controls failed to catch some $10 billion in transactions that may have moved money out of Russia, people familiar with the matter have said.