Deutsche Bank was able to resolve the conflict with the United States: the case is closed

Deutsche Bank was able to resolve the conflict with the United States: the case is closed

07.01.2017 News

Deutsche Bank was able to resolve the conflict with the US regulator, agreeing with the charges of tax evasion and taking on the obligation to pay a fine in the amount of $ 95 million. It is reported by financial portal MinFin with reference to the foreign sources. In a statement, the bank’s press secretary Amanda Williams says: “Deutsche Bank was able to get out with dignity out of this situation. We are pleased that all differences are settled. “

As it is known, in 2014 the United States Treasury Department initiated the opening of the proceedings against the German Deutsche Bank. Financial institution was accused of tax evasion in the period of 2000 year. The original amount of the fine was 190 million dollars. The German lender also had to admit his involvement in financial fraud linked with the creation of bogus companies for manipulation of the Bristol-Myers Squibb shares – US pharmaceutical company.

Deutsche Bank is Germany’s largest financial structure. The bank was founded in 1870. Financial institution acts on the territory of many countries (including the US, Russia, the Republic of Singapore and others), with 2814 offices worldwide.

Also read: Deutsche Bank staff questioned as part of Libor investigation

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