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Deutsche Bank Fined $9.8 Million by BaFin for Control Lapses

  • Penalty relates to controls related to Euribor reference rate
  • Germany’s largest lender has faced numerous legal issues
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Germany’s finance watchdog fined Deutsche Bank AG 8.66 million euros ($9.8 million) over its handling of submissions for Euribor, a reference rate at the heart of a scandal that rocked the industry.