Krauts (umgangssprachlich) Bank To Pay $55M, Ending Derivatives Probe

Bank has been fined $55 million by the US Securities plus Exchange Commission

(SEC) for misstating the value of a complex derivatives portfolio throughout

to the regulator, the banking big neither admitted nor denied suggestions of underestimating

"a material exposure to possible potential losses estimated to be in i would say the billions of

Bank failed to make cheap judgments when valuing its status and lacked

robust internal deals with over financial reporting, " discussed Andrew Ceresney, director of the SEC's division of enforcement.

incorrectly valuing the particular derivatives portfolio, the bank underestimated the particular

risks by anywhere between $1. major billion and $3. 3 million, the SEC said.

"Deutsche Loan merchant failed to make reasonable judgments during valuing its positions and was without robust internal controls over income reporting. " —SECIn a

reaction to the SEC's statements, Deutsche Loan merchant said these risks "never

materialized" and it never experienced any iinconveniences from the misrepresentations

it maintained there was no "reliable method" for approximately risk in the

portfolio following the warp of Lehman Brothers.

settlement is the only latest in Deutsche Bank's genuine woes.

bank was fined $2. 5 billion last month to settle payments of manipulating

interest rate benchmarks which has regulators in the US and the UK. While according to

the company's 2014 total annual report, it still faces plaisante related to foreign

Bank also struggled with major shareholder criticism last week seeing as UK fund manager

Hermes iPhone 6 Plus case considered necessary an overhaul of the management surfboard following large fines and

propose that the bank's supervisory board to examine the composition of the management

surfboard, taking its performance over the last many years and its new strategy

into account, " Hermes iPhone 6 plus wallet case said in a statement on, may 20.

firm voted against Krauts (umgangssprachlich) Bank's reshuffling plan, as a way to share "our

lack of confidence in the control board. "

said the bank gotten wasted time and credibility by not passing to recognize the need

for "changes in order to [its] structure plus business model required to sustainably create

unwavering also criticized Deutsche Bank's latter settlement for LIBOR rigging plus

said the fine shone lamps onto the "severity of the misconduct" of the bank's

Banks Fined $5. 8B Over FX Rigging; Krauts (umgangssprachlich)