- Deutsche Bank (NYSE:DB) has been fined £4.7M by the U.K.'s Financial Conduct Authority for inaccurately reporting more than 29M equity swap contract transactions.
- The inaccuracies seem to have occurred due to a software coding error which caused the bank to misreport all these derivative product sales as purchases and vice versa.
- The fine comes on the heels of the NY Fed's announcement of the bank's shoddy regulatory reporting.
From other sites
at CNBC.com (Mar 27, 2015)
at CNBC.com (Mar 25, 2015)
at CNBC.com (Mar 23, 2015)
at CNBC.com (Mar 18, 2015)
at CNBC.com (Mar 17, 2015)
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