Deutsche Bank settles Russian money laundering probe

Deutsche Bank has agreed to pay $630m to settle US and UK investigations into alleged mirror trades used to launder $10bn out of Russia. But there is more pain to come for the German lender, the FT's James Shotter and Laura Noonan tell Patrick Jenkins. Music by Kevin MacLeod. Hosted on Acast. See acast.com/privacy for more information.

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News features and analysis from Financial Times reporters around the world. FT News in Focus is produced by Fiona Symon. Hosted on Acast. See acast.com/privacy for more information.