Bloomberg Deutsche Bank AG agreed to pay $41 million to settle Federal Reserve allegations that its U.S. operations failed to maintain adequate protections against money laundering, the latest in a string of fines that have cost the German lender billions of dollars. The Frankfurt-based bank’s US operations fell short in complying with the Bank Secrecy Act, which requires lenders to ...

Bloomberg Co-Operative Bank Plc, the UK lender that put itself up for sale amid a capital shortfall, is coming closer to forcing bondholders to swap debt into equity and selling shares as it runs out of options to bolster its financial strength, according to people familiar with the matter. The Manchester, England-based lender is seeking an agreement with bondholders including ...

Bloomberg The Irish government fired the starting gun for the initial public offering of Allied Irish Banks Plc, laying out a plan to sell 25 percent of the nationalized lender. The government plans to sell the AIB stake in a share offering in London and Dublin, with terms to be set in mid-June, the country’s finance ministry said in an ...