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Deutsche Bank Pays $197 Million to Settle Dutch Bribery Case

  • Settlement comes with no admission of liability, bank says
  • Case is among lengthy list of legal issues for Deutsche Bank
The Gutenberg memorial statue stands outside a Deutsche Bank bank branch in Frankfurt, Germany.

The Gutenberg memorial statue stands outside a Deutsche Bank bank branch in Frankfurt, Germany.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

Deutsche Bank AG settled a lawsuit from a Dutch affordable-housing provider that said the lender was responsible for bribery over derivatives trades, bringing an end to a long-running and at times colorful trial that was just entering its final stage.

The bank paid 175 million euros ($197 million) to settle the case with no admission of liability, it said Friday in a statement. The deal ends a court battle that had featured testimony from a middleman who’s confessed to bribery, and tales of expensive sushi, “bubbly” wine, an exclusive nightclub favored by British royals, and meals at a Michelin-starred restaurant.