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NEWS: German financial regulator fines Deutsche Bank €50K

NEWS: German financial regulator fines Deutsche Bank €50K

By Emma-Victoria 

Germany’s federal financial supervisory authority BaFin said on Monday it had imposed a fine of 50,000 euros ($54,340) on Deutsche Bank DBKGn.DE.

The fine relates to false information regarding a serious customer-related IT security incident in its payment services in 2023. Deutsche Bank was also “significantly late” in informing BaFin, the regulator said.

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