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Deutsche Bank Said to Face Fines Over Currency Trades

  • Probes by Fed, N.Y. wrap up as U.S. closes criminal inquiry
  • German lender is largest currency trader that hasn’t settled
Updated on

Deutsche Bank AG is expected to be fined by the Federal Reserve and New York’s Department of Financial Services for its conduct in the foreign exchange market, a person familiar with the matter said.

The German lender said Monday that the U.S. Justice Department had closed a criminal inquiry into its currency-trading activities without action.