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Saturday, May 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Deutsche Bank Fined $553 Million

MANHATTAN (CN) - Deutsche Bank will pay $553.6 million to settle criminal charges of providing fraudulent tax shelters that cost the U.S. Treasury billions. The German bank also must cooperate with U.S. inspectors under a nonprosecution agreement, the U.S. Attorney's Office said Tuesday in announcing the deal.

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