World Bulletin/News Desk
The U.S. Justice Department and the Manhattan District Attorney's office are investigating the banks for allegedly using U.S. branches to move billions of dollars in Iran-linked transactions, according to the New York Times report, citing unnamed law enforcement officials.
The investigation into Deutsche Bank is at an early stage and so far there is no suspicion the Germany-based institution moved money on behalf of Iranian clients through American operations after 2008, when a policy loophole allowing such maneuvering closed, the Times reported.
Deutsche Bank decided in 2007 it would "not engage in new business with counterparties in countries such as Iran, Syria, Sudan and North Korea and to exit existing business to the extent legally possible," a spokesman told Reuters on Saturday. He declined to comment further.
The Manhattan District Attorney's office and U.S. Justice Department declined to comment. The U.S. Treasury Department did not immediately respond to a request for comment.
The report of the Deutsche Bank probe came days after a settlement for $340 million with New York's banking regulator and Britain's Standard Chartered Plc. The Manhattan District Attorney and federal authorities have not yet settled their probes of the bank.
That deal with New York Superintendent of Financial Services Benjamin Lawsky was done without agreement with the Manhattan District Attorney's office and federal authorities.
Reuters has learned that Lawsky ignored the entreaties of federal regulators to drop his own action in favor of a single, global settlement. Although winning a larger settlement than many thought possible, others say Lawsky's tactics have alienated federal officials and could make it tougher for him to partner with them on future cases.
Since 2009 the Manhattan District Attorney, Treasury Department, Justice Department and other agencies have entered into settlements with a handful of foreign banks including Credit Suisse, Lloyds and most recently ING , totaling roughly $1.8 billion.
Authorities have said in the past other foreign banks are under investigation.
"No delegation is in Cairo yet…These reports are devoid of truth," senior Hamas leader Moussa Abu Marzouq said
As a result, the overhaul of the national budget and the country's health insurance is in limbo
Police in Beijing in January detained Ilham Tohti, a well-known economist who has championed the rights of the Muslim Uighur community
In recent months, South Sudan's rivals held on-again, off-again peace negotiations in Addis Ababa under the IGAD auspices.
The school was the second such UNRWA facility to be hit by the Israeli army within one week. On Thursday, at least 15 Palestinian civilians were killed when the Israeli army shelled the Beit Hanoun school, also in northern Gaza Strip.
The resignation comes amid criticism to the army's response to recent militant attacks in the mountainous areas on Tunisia's border with Algeria.
Presidential adviser calls for rebels to come to the negotiating table 'to find common solutions to our problems in peaceful dialogue.'
South Korea confirms the North tested 4 short-range projectiles from morning to evening, ahead of expected UN Security Council meeting
Spanish press quotes email send from one crew member to his superior complaining of long hours and fatigue.
The decision of the Latin American countries to recall their ambassadors in Tel Aviv is a “deep disappointment”, says Israel
There are 35 journalists in prison in Iran, according to the Committee to Protect Journalists (CPJ).
The U.S. State Department imposing travel restrictions on "a number of Venezuelan government officials" who it said were involved in human rights abuses.
Neil Wallis, the paper's former deputy editor, and former features editor Jules Stenson, have been charged with conspiracy to intercept voicemails on mobile phones of well-known figures
Iraq had requested 5,000 of the air-to-ground missiles and enable helicopters to battle tanks and other armored vehicles
The Israeli military offered a four-hour humanitarian ceasefire on Wednesday in some areas of the Gaza Strip, an army statement said.
Search for 6 missing people ongoing after ferry carrying travelers during Eid holiday sinks in Borneo island