Deutsche Bank To Pay USD 190 Million In Forex Manipulation Lawsuit

Deutsche Bank has agreed to pay USD 190 million in penalties to settle allegations that it rigged foreign exchange rates.

Deutsche Bank is the 15th of 16 global banks that have settled class action claims totaling USD 2.31 billion to date.

Manipulation was allegedly done through chat rooms with names such as “The Cartel” and “The Mafia”.