Deutsche Bank Fined in Germany Over Requirement Breaches

Dow Jones

2025/03/05

By Adria Calatayud

Germany's financial watchdog fined Deutsche Bank 23.05 million euros ($24.5 million) over what the regulator called breaches of regulatory requirements in three separate cases.

BaFin, as the regulator is known, said late Tuesday that the biggest fine related to the lender's response to allegations on the sale of currency derivatives in Spain, while the other two were linked to regulatory lapses at its Postbank arm.

Deutsche Bank said it accepted the fines and that the payment was covered by existing provisions, which should result in no impact on this year's results.

The regulator said Deutsche Bank took too long to investigate allegations relating to derivative sales in Spain, which led local authorities to start proceedings against the bank, and remedy the shortcomings. This led to a 14.8 million-euro fine, Bafin said.

Moreover, BaFin said Postbank didn't comply with a regulatory requirement to record phone conversations in connection with investment advice, and that applications for switching payment accounts were delayed or not processed. The regulator said it fined Deutsche Bank 4.6 million euros for the phone-recording case and 3.65 million euros for the account switches.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

March 05, 2025 02:23 ET (07:23 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2517896980"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2517896980\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2517896980?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-05 15:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2517896980","market":"other","top_or_hot":-1,"title":"Deutsche Bank Fined in Germany Over Requirement Breaches","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adria Calatayud \n</p>\n<pre>\n \n</pre>\n<p>\n  Germany's financial watchdog fined Deutsche Bank 23.05 million euros ($24.5 million) over what the regulator called breaches of regulatory requirements in three separate cases. \n</p>\n<p>\n  BaFin, as the regulator is known, said late Tuesday that the biggest fine related to the lender's response to allegations on the sale of currency derivatives in Spain, while the other two were linked to regulatory lapses at its Postbank arm. \n</p>\n<p>\n  Deutsche Bank said it accepted the fines and that the payment was covered by existing provisions, which should result in no impact on this year's results. \n</p>\n<p>\n  The regulator said Deutsche Bank took too long to investigate allegations relating to derivative sales in Spain, which led local authorities to start proceedings against the bank, and remedy the shortcomings. This led to a 14.8 million-euro fine, Bafin said. \n</p>\n<p>\n  Moreover, BaFin said Postbank didn't comply with a regulatory requirement to record phone conversations in connection with investment advice, and that applications for switching payment accounts were delayed or not processed. The regulator said it fined Deutsche Bank 4.6 million euros for the phone-recording case and 3.65 million euros for the account switches. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adria Calatayud at adria.calatayud@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2025 02:23 ET (07:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Fined in Germany Over Requirement Breaches</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Fined in Germany Over Requirement Breaches\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-03-05 15:23</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adria Calatayud \n</p>\n<pre>\n \n</pre>\n<p>\n  Germany's financial watchdog fined Deutsche Bank 23.05 million euros ($24.5 million) over what the regulator called breaches of regulatory requirements in three separate cases. \n</p>\n<p>\n  BaFin, as the regulator is known, said late Tuesday that the biggest fine related to the lender's response to allegations on the sale of currency derivatives in Spain, while the other two were linked to regulatory lapses at its Postbank arm. \n</p>\n<p>\n  Deutsche Bank said it accepted the fines and that the payment was covered by existing provisions, which should result in no impact on this year's results. \n</p>\n<p>\n  The regulator said Deutsche Bank took too long to investigate allegations relating to derivative sales in Spain, which led local authorities to start proceedings against the bank, and remedy the shortcomings. This led to a 14.8 million-euro fine, Bafin said. \n</p>\n<p>\n  Moreover, BaFin said Postbank didn't comply with a regulatory requirement to record phone conversations in connection with investment advice, and that applications for switching payment accounts were delayed or not processed. The regulator said it fined Deutsche Bank 4.6 million euros for the phone-recording case and 3.65 million euros for the account switches. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adria Calatayud at adria.calatayud@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2025 02:23 ET (07:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4118","symbol_name":"綜合性資本市場","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517896980","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517896980","pubTimestamp":1741159380,"columns":[{"name":"政策監管","id":32,"label_key":"policyRegulatory"}],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Germany's financial watchdog fined Deutsche Bank 23.05 million euros  over what the regulator called breaches of regulatory requirements in three separate cases.BaFin, as the regulator is known, said late Tuesday that the biggest fine related to the lender's response to allegations on the sale of currency derivatives in Spain, while the other two were linked to regulatory lapses at its Postbank arm.Deutsche Bank said it accepted the fines and that the payment was covered by existing provisions, which should result in no impact on this year's results.The regulator said Deutsche Bank took too long to investigate allegations relating to derivative sales in Spain, which led local authorities to start proceedings against the bank, and remedy the shortcomings. This led to a 14.8 million-euro fine, Bafin said.Moreover, BaFin said Postbank didn't comply with a regulatory requirement to record phone conversations in connection with investment advice, and that applications for switching payment ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4118":"综合性资本市场","BK4566":"资本集团","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4552":"Archegos爆仓风波概念","DB":"德意志银行"},"translate_title":"德意志银行因违反要求在德国被罚款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DB":1},"content_text":"By Adria Calatayud \n\n\n \n\n\n  Germany's financial watchdog fined Deutsche Bank 23.05 million euros ($24.5 million) over what the regulator called breaches of regulatory requirements in three separate cases. \n\n\n  BaFin, as the regulator is known, said late Tuesday that the biggest fine related to the lender's response to allegations on the sale of currency derivatives in Spain, while the other two were linked to regulatory lapses at its Postbank arm. \n\n\n  Deutsche Bank said it accepted the fines and that the payment was covered by existing provisions, which should result in no impact on this year's results. \n\n\n  The regulator said Deutsche Bank took too long to investigate allegations relating to derivative sales in Spain, which led local authorities to start proceedings against the bank, and remedy the shortcomings. This led to a 14.8 million-euro fine, Bafin said. \n\n\n  Moreover, BaFin said Postbank didn't comply with a regulatory requirement to record phone conversations in connection with investment advice, and that applications for switching payment accounts were delayed or not processed. The regulator said it fined Deutsche Bank 4.6 million euros for the phone-recording case and 3.65 million euros for the account switches. \n\n\n \n\n\n  Write to Adria Calatayud at adria.calatayud@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2025 02:23 ET (07:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}