Deutsche Bank was hit with the Fed’s first major fine for failing to ensure traders abide by the Volcker Rule’s ban on risky market bets — and will also pay more for allowing currency desks chat online with competitors, allegedly revealing positions. The simultaneous sanctions, totaling about $157 million, fault lax oversight of traders that persisted into last
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via Tumblr Deutsche Bank: First Bank Busted For Breaking Volcker Rule
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