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.
52 troops had died in fighting since January 1 in and around Benghazi.
UK, Australia declined to sign final statement at Sunday’s Mideast peace conference in Paris
Trump told The Times and Bild newspapers that Brexit would be a "great thing", and on a trade deal said he would "work very hard to get it done quickly and done properly."
Barred from traveling abroad since 2015, Raed Salah faces fresh travel ban in light of impending release from prison
Foreign Secretary Boris Johnson said on Monday he was sure that Britain and the US could conclude a free trade deal that was in their mutual interests after President-elect Donald Trump said he was keen for one.
Iraqi authorities typically blame such attacks on embattled ISIL extremist group
Irish nationalist party refuses to nominate leader to local parliament, forcing new elections to power-sharing body
Prevalence of slain militants’ bodies in areas recently captured from ISIL raises fears of possible spread of disease
Intervention comes after diplomatic spat over slogan-covered Serbian train which tried to enter Kosovo
An AMISOM truck rammed into a civilian minibus on outskirts of Mogadishu
Israel has also rearrested journalist Mohamed al-Qeeq, who waged 94-day hunger strike in 2015
A professor of veterinary medicine and a teenager among casualties
Kenyans will go to the polls on August 8 in what is set to be a hard-fought general election decided in large part by the core support of candidates' ethnic constituencies.
The blast happened at 5:25 am (0425 GMT) at a mosque in the staff quarters area of the University of Maiduguri and is thought to have been carried out by a teenage girl.
EU's Federica Mogheini has vowed to stand by the Iranian accord and has slammed Donald Trump regarding his comments of the deal
Hundreds of Serbs protested today in Northern Mitrovica for the Belgrade train that was stopped from entering Kosovo.