Deutsche Bank Faces Spanish Proceedings Over Derivatives.

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    • Subject Terms:
      DEUTSCHE Bank AG; EUROPEAN Central Bank
    • Abstract:
      Deutsche Bank is facing disciplinary proceedings by Spain's securities regulator, CNMV, over the sale of derivatives in the country. The regulator believes that the advisory service provided by Deutsche Bank to Spanish clients regarding complex and high-risk financial derivative instruments on currencies may constitute a serious infringement of Spanish law. This news has caused Deutsche Bank's share price to drop. The bank's past sales of derivatives in Spain have been controversial and have attracted scrutiny from the European Central Bank. Deutsche Bank has conducted an internal investigation and made changes to its sales practices, but it continues to face criticism from regulators. [Extracted from the article]
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