Deutsche Bank hit hard by Korea's financial regulators

Deutsche Bank's derivatives trading activities on November 11 have been condemned as market manipulation by Korea's FSC and criminal prosecution could follow.

The final week of February was a bad one for Deutsche Bank’s business and reputation in Korea. The Frankfurt-based lender was slapped with a six-month ban on trading derivatives on its own account and a record fine. The names of five employees have also been handed to prosecutors for possible criminal charges.

After a two-month investigation by the country’s financial regulators into charges of market manipulation and tardy reporting, the Financial Services Commission FSC decided...

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