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.
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Israeli air force dropped about 3,000 tons of explosives on the Gaza Strip in the first 15 days of the conflict, including 120 tons in the border town of Shejaia alone
Banned substances include gasoline and firecrackers, but also drinking water, cooking oil and yogurt.
Abbott said that Russian-backed rebels who control the area were tampering with evidence on "an industrial scale" and argued that outside police or possibly military forces were needed to ensure that did not continue.
Grand Ayatollah Ali al-Sistani said leaders should show flexibility so that political deadlocks could be broken and Iraq could confront militants.
State media said "millions" of people joined the rallies nationwide, which were called to mark Iran's annual day of solidarity with Palestinians.
At least three women and a three-year-old child were among those killed.
Greek Cypriot leader Nikos Anastasiades was enraged when Turkish Cypriot president Dervis Eroglu refused to accept certain proposed terms, raising his voice, slamming his fist and throwing his glasses across the room in anger.
Jordanian government spokesman said the "aerial target was shot after being intercepted" when it violated Jordanian air space near the northern border city of Mafraq.
U.N. health agency said that four hospitals, including al Aqsa hospital in the coastal strip, had been damaged in the conflict that began on July 8 when Israel launched air strikes
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Brazil called the escalation of violence "unacceptable" and recalled its ambassador for consultations.