The German largest credit institution Deutsche Bank agreed to pay USA 9.5 mln USD of penalties, imposed by US authorities for disclosure of non-public information of their analysts, as reported on the site of US Securities Regulator SEC, BIN.UA reports.
According to the regulator, Deutsche Bank published the inappropriate research report and could not duly store and provide certain electronic records and disclosed opinions, reviews and recommendations on trading before the set term.
US authorities also claimed USD 14 bln (EUR 12.5 bln) from Deutsche Bank as the compensation for dubious operations with mortgage loans, leading, according to US authorities, to the collapse on US real estate market in 2008. Later there appeared information that Deutsche Bank penalties can be reduced from 14 to 5.4 bln dollars – amid these news the shares of credit institution went up in price again.
