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Finance

Deutsche Bank Fined $258m for Conducting Business with Iran, Syria and Libya

German Deutsche Bank has been fined $258 million by American regulators for conducting business with US-sanctioned countries including Iran, Syria and Libya. The fine will be paid to the Federal Reserve and New York State Department of Financial Services. The ruling against Deutsche Bank also stipulated that the people responsible for the “lucrative” violations must be sacked. “The firm did…