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.
The Caspian Sea states have agreed on six points of the draft convention on the legal status of the Caspian Sea after two days of talks in Baku.
A senior leader has appealed to the Supreme Court to scrap the death penalty.
Saudi Arabia on Thursday expressed concern that Iran may eventually develop the ability to manufacture nuclear weapons.
The deal, brokered by the world body and already signed by the southern Bamako government, aims to put a stop to decades of Tuareg uprisings.
Police officer says seven people died and 23 others were injured in multiple explosions in Baghdad
According to Israel's Yedioth Ahronoth newspaper reported, a Palestinian tried to stab a group of Jewish settlers in the Israeli-occupied West Bank. Tension has mounted in the occupied West Bank since the abduction
President refused U.N.-brokered talks with their powerful movement unless they withdrew from Sanaa.
The attacks were in Syria and Iraq, attacking fighting positions.
The ECB will purchase sovereign debt until at least September 2016.
Turkey's defense chief says Turkey, already training Iraqi Kurdish peshmerga forces and Syrian opposition forces, offers the same help to Iraqi military
Woman was five months pregnant tests confirmed presence of H1N1 virus
Strengthening army would ease conflict in East Ukraine
Experimental shots from Merck-Newlink and GSK to be tested, with Guinea trial to take use "ring vaccination" stategy.
A missile fired by Syrian regime jet has allegedly targeted a school in Syria's Idlib province. Killed 18 civilians, including seven students
A Palestinian security source said the three policemen had been pursuing a "wanted" Palestinian man who had fled through the Israeli checkpoint