Posted 1/11/2024, 4:25:00 PM
Spain Takes Action Against Deutsche Bank Over Marketing of Risky Financial Products
- Spain's markets regulator begins disciplinary proceedings against Deutsche Bank
- Proceedings relate to marketing of complex and high-risk financial derivative instruments on currencies
- Regulator alleges "very serious infringements" in marketing such products to Spanish clients
- Action relates to facts previously determined by Deutsche Bank's internal investigations
- Deutsche Bank has not yet responded to request for comment on the proceedings