Deutsche and other banks are facing pressure from regulators to reduce their involvement in riskier businesses and to have more capital on hand to weather potential financial storms in the future.
Last week, the bank warned investors that continuing investigations by financial regulators into potential manipulation of the $5-trillion-a-day currency markets could have a “material” financial effect on the bank.
Investigations begun last year by regulators in Germany, Britain, the United States and elsewhere have not resulted in any criminal charges, but more than two dozen traders have been suspended or terminated as a result of internal inquires at some of the world’s largest banks. And Deutsche Bank to give up its seat on the gold-fixing panel in April.
Image from Wikimedia Commons.