December 22, 2015 BY Maria Nikolova
Deutsche Bank takes $1.3 billion litigation charge to reserve for Russia Mirror Trade issues
Investment giant Deutsche Bank AG (FRA:DBK) has set aside EUR 1.2 billion ($1.3bn) in litigation reserves, mostly to cover possible liabilities regarding suspected money laundering in Russia. The scale of the transactions flagged is growing: according to a Bloomberg report, quoting people with knowledge of the matter, Deutsche Bank has identified as much as $4 billion…
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