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Deutsche Bank Reaches $100 Million Deferred-Prosecution Deal

  • Claims by U.S. involve foreign bribery, market manipulation
  • Bank reaches deferred-prosecution agreement over allegations
    
Photographer: Alex Kraus/Bloomberg
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Deutsche Bank AG agreed to pay more than $130 million to settle criminal and civil charges that it bribed foreign officials and manipulated the market for precious-metals futures through a trading tactic known as spoofing.

The Frankfurt-based bank agreed to a deal in which it won’t be prosecuted as long as it doesn’t engage in the practices again for more than three years, and wasn’t required to plead guilty to the charges. The case was brought by federal prosecutors in Brooklyn, New York, and Washington who secured a $920 million fine against JPMorgan Chase & Co. last year, the largest sanction ever tied to spoofing.