Deutsche Bank AG has agreed to pay nearly $630 million to end investigations by U.K. and New York regulators into Russian equity trades that transferred $10 billion out of that country in violation of anti-money-laundering laws, MarketWatch.com reported today. The two fines — $425 million to New York's Department of Financial Services and $204 million to the U.K.'s Financial Conduct Authority — only partially resolve legal issues hanging over the German lender. The settlement doesn't end a separate probe into the Russian trades by the U.S. Justice Department. It is unclear when a potential settlement in that investigation might be reached. Deutsche Bank said that the $630 million in settlements announced yesterday and today are "already materially reflected" in existing litigation reserves and that it is cooperating with other investigations into the Russia trades.
