{"id":1819,"date":"2017-10-09T15:08:23","date_gmt":"2017-10-09T20:08:23","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1819"},"modified":"2022-03-22T15:05:44","modified_gmt":"2022-03-22T20:05:44","slug":"deutsche-bank-resolve-us-currency-rigging-case-190m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/","title":{"rendered":"Deutsche Bank Resolves US Currency Rigging Case for $190M"},"content":{"rendered":"

\t\t\t\tDeutsche Bank AG (DB) has consented to pay $190M to resolve an investor fraud lawsuit <\/a>accusing the German lender of manipulating prices in the foreign exchange market. Despite settling, however, the bank maintains that it did not engage in wrongdoing.<\/p>\n

Investors accused Deutsche bank and 15 other banks of conspiring to rig key currency benchmark rates by coordinating strategies and sharing confidential trade information and orders. The bank\u2019s traders are accused of meeting in chat rooms to engage in numerous tactics to make more profits regardless of whether or not this meant losses for investors. <\/p>\n

Regulator probes into currency rigging have led to $10B in fines imposed against a number of big banks, including the most recent one by the Federal Reserve, which ordered HSBC to pay a $175M fine for not properly monitoring its currency traders. With the investor lawsuits, Credit Suisse Group AG (CS) is the only one of the banks sued by investors that has not settled. <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Deutsche Bank AG (DB) has consented to pay $190M to resolve an investor fraud lawsuit accusing the German lender of manipulating prices in the foreign exchange market. Despite settling, however, the bank maintains that it did not engage in wrongdoing. Investors accused Deutsche bank and 15 other banks of conspiring to rig key currency benchmark […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3818,3752,3741],"tags":[2817],"class_list":["post-1819","post","type-post","status-publish","format-standard","hentry","category-deutsche-bank","category-financial-firms","category-securities-fraud","tag-hsbc"],"yoast_head":"\nDeutsche Bank Resolves US Currency Rigging Case for $190M — Investor Lawyers Blog — October 9, 2017<\/title>\n<meta name=\"description\" content=\"Deutsche Bank AG (DB) has consented to pay $190M to resolve an investor fraud lawsuit accusing the German lender of manipulating prices in the foreign — October 9, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Deutsche Bank Resolves US Currency Rigging Case for $190M — Investor Lawyers Blog — October 9, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Deutsche Bank AG (DB) has consented to pay $190M to resolve an investor fraud lawsuit accusing the German lender of manipulating prices in the foreign — October 9, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Deutsche Bank Resolves US Currency Rigging Case for $190M — Investor Lawyers Blog — October 9, 2017","description":"Deutsche Bank AG (DB) has consented to pay $190M to resolve an investor fraud lawsuit accusing the German lender of manipulating prices in the foreign — October 9, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/","twitter_card":"summary_large_image","twitter_title":"Deutsche Bank Resolves US Currency Rigging Case for $190M — Investor Lawyers Blog — October 9, 2017","twitter_description":"Deutsche Bank AG (DB) has consented to pay $190M to resolve an investor fraud lawsuit accusing the German lender of manipulating prices in the foreign — October 9, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Deutsche Bank Resolves US Currency Rigging Case for $190M","datePublished":"2017-10-09T20:08:23+00:00","dateModified":"2022-03-22T20:05:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/"},"wordCount":535,"keywords":["HSBC"],"articleSection":["Deutsche Bank","Financial Firms","Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/","url":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/","name":"Deutsche Bank Resolves US Currency Rigging Case for $190M — Investor Lawyers Blog — October 9, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-10-09T20:08:23+00:00","dateModified":"2022-03-22T20:05:44+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Deutsche Bank AG (DB) has consented to pay $190M to resolve an investor fraud lawsuit accusing the German lender of manipulating prices in the foreign — October 9, 2017","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-resolve-us-currency-rigging-case-190m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Deutsche Bank Resolves US Currency Rigging Case for $190M"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-tl","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=1819"}],"version-history":[{"count":4,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1819\/revisions"}],"predecessor-version":[{"id":25053,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1819\/revisions\/25053"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=1819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=1819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=1819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}