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Deutsche Bank was fined $258 million by the US Federal Reserve and the New York State Department of Financial Services. (Photo by Thomas Lohnes / Getty Images)

Dec 01, 2015 PM EST - Diana Tomale

German Company Deutsche Bank Was Fined 258 Million USD By The U.S. Federal Reserve And New York State Department Of Financial Services For Allegedly Working With Sanctioned Companies

Deutsche Bank will pay $258 million to the US Federal Reserve and the New York State Department of Financial Services for allegedly working with sanctioned countries including Iran, Syrian, Myanmar, Libya and Sudan.

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