DoJ closes investigation into Deutsche Bank’s FX activity
US regulator's action is a big win for the bank, but civil suits and a decision from the NYDFS are still pending
The US Department of Justice (DoJ) has closed a criminal investigation into Deutsche Bank’s foreign exchange market activity, but the German bank remains under the shadow of regulatory inquiry and civil proceedings concerning some of its practices.
In its annual report, published on March 20, Deutsche stated that the DoJ ended its inquiry on February 13 into whether the bank’s FX market activities violated federal criminal law. The DoJ is the second US government agency to close its FX
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