DB - Deutsche Bank agrees to pay $100M in deferred prosecution deal - NYT

Deutsche Bank ([[DB]] -0.6%) is expected to agree to pay more than $100M to settle charges from federal prosecutors that it violated anti-bribery laws when trying to win business in places like China, the New York Times reports, citing a person familiar with the matter.The German lender is expected to enter into a deferred prosecution agreement in Brooklyn federal court on Friday.Bloomberg reports that the criminal allegations in the case against Deutsche Bank included manipulating the market for precious metals futures through so-called spoofing.The agreement would be the latest embarrassment for the German lender, which has had to defend against a string of investigations into money laundering, market manipulation, and violating international sanctions. It was also caught up in the Danske Bank scandal where ~EUR 200B of suspicious funds, mostly linked to Russia, flowed through Danske's tiny Estonian branch.Last year, it agreed to pay more than $10M to two cases

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Deutsche Bank agrees to pay $100M in deferred prosecution deal - NYT