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 mosque is adjacent to the palace of the emir of Kano, the second highest Islamic authority in the country, although the emir himself, former central bank governor Lamido Sanusi, was not present at the time.
Al-Nusra captured 18 Lebanese troops in total, while the ISIL captured seven during clashes with the Lebanese army.
Albanians celebrate founding of the country in 1912 under leadership of national hero, Ismail Qemal Bej.
Abbas arrived in Cairo for a three-day visit in which he will also attend a meeting of the Arab League's peace-monitoring committee
President of Dagestan said he seeks to increase trading volume with Turkey to $1 billion.
Prior to decison virtually all TV stations owned or influenced by ruling party.
Turkish Republic of Northern Cyprus President Dervis Eroglu becomes first candidate to put his name forward to fight April 2015 election
The trip by Sheikh Mohammed bin Zayed al-Nahayan was the first since the United Arab Emirates along with Saudi Arabia and Bahrain withdrew their ambassadors from Qatar in March
The election commission is using about 4,000 voting machines for the presidential and parliamentary vote instead of paper ballots.
It criticised what it called a continued U.S. failure to fully investigate allegations of torture and ill-treatment of terrorism suspects held in U.S. custody abroad
The warning by Omar al-Hassi, prime minister of the rival government, came after Thinni's government claimed air strikes on Tripoli's Mitigate airport this week
Countries hiding behind the Cyprus issue need to actually begin working on it, says Turkey’s Chief EU negotiator
Israeli police dispersed a protest in the northern West Bank town of Kafr Qaddum using tear gas and live ammunition, which led to the injury of a foreign protestor, eyewitnesses said.
The fatalities came shortly after two army officers were killed and two soldiers injured in two separate attacks
Those injured included the Mullah of the mosque, as officials said the explosives were planted under his seat and blew up while he was delivering the Friday sermon
The conference, held under the theme "Youth Moving Africa Forward" – aims to address issues that include peace and stability, education and skills development and the fight against HIV/AIDS among other issues.