Op risk data: Chronic corruption charges cost Deutsche dear

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Deutsche Bank will pay $123 million to settle a Department of Justice (DoJ) investigation into corrupt payments and bribes – actions that notoriously included cartoon caper-style transfers of cash in manila envelopes – in a co-ordinated resolution with the Securities and Exchange Commission (SEC). The fine represents January’s largest loss.

Between 2009 and at least 2016, the bank falsely concealed bribes that had

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