Hungary Fines Deutsche Bank Over Swaps

The Hungarian Financial Supervisory Authority has fined the London unit of Deutsche Bank HUF90 million ($452,293) for engaging in a series of trades the regulator said significantly weakened the forint during the crisis in 2008.

  • 22 Apr 2010
The Hungarian Financial Supervisory Authority has fined the London unit of Deutsche Bank HUF90 million ($452,293) for engaging in a series of trades the regulator said significantly weakened the forint during the crisis in 2008. The regulator charged the bank with attempting “to use the consequences of its ...

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