German financial market watchdog Bafin said on Friday it was examining whether the country's largest lender, Deutsche Bank, properly followed disclosure rules with its fourth quarter results published on Thursday.
Hong Kong's de facto central bank said it found no evidence of rigging in Hong Kong's foreign exchange benchmark following an 18-month investigation into the trading operations of 10 banks.
The U.S. government on Monday sued Deutsche Bank AG (DBKGn.DE), seeking to recoup more than $190 million from the German bank over alleged tax fraud more than 14 years ago.
German financial watchdog Bafin has found that Deutsche Bank co-Chief Executive Anshu Jain was neither aware nor part of possible attempts at the German lender to manipulate interest rates, German newspaper Handelsblatt reported.
More than 300 companies, including PepsiCo Inc (PEP.N), AIG Inc (AIG.N) and Deutsche Bank AG (DBKGn.DE), secured secret deals from Luxembourg to slash their tax bills, the International Consortium of Investigative Journalists (ICIJ) reported, quoting leaked documents.
Deutsche Bank may increase the amount it has set aside to deal with investigations and potential settlements, German magazine Spiegel reported on Sunday.
One of the three currency traders Deutsche Bank reportedly fired in light of the investigations by regulators on foreign currency manipulation was the bank's unit head of emerging markets trading desk, a source told Bloomberg.
Following a series of investigations launched by US, UK and Swiss regulators on claims that foreign exchange rates are being rigged, majority of the top banks had taken steps like allocating costs for future settlement and dismissing traders to curb the effects of the financial scandal.
