NEW YORK: US regulators fined Deutsche Bank $55 million on Tuesday (Wednesday in Manila) for misstating important financial data on loss risks during the financial crisis in 2008.
The Securities and Exchange Commission (SEC) said the German bank understated its potential losses on a leveraged portfolio of derivatives that came under a credit protection program.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.