German regulator withdraws Deutsche Bank special representative, reports Welt
BERLIN, Nov 28 (Reuters) -German regulator BaFin has not extended the mandate of a special representative at Deutsche Bank DBKGn.DE installed six years ago after the bank had not remedied deficiencies in money-laundering prevention, the Welt newspaper reported on Thursday.
BaFin had most recently extended the representative's authority to October 2024 and threatened to fine the lender due to IT issues, Welt reported, citing financial sources.
Reporting by Miranda Murray, editing by Thomas Seythal
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