WASHINGTON, April 20 The U.S. Federal Reserve on
Thursday fined Deutsche Bank AG $156.6 million for
violating foreign exchange rules and running afoul of the
The German bank failed to detect and halt its traders from
using chat rooms to communicate with competitors, the Fed said
in a news release.
Central bank officials are "requiring the firm to cooperate
in any investigation of the individuals involved in the conduct
underlying the FX enforcement," according to the statement.
Separately, the Fed said it found gaps in Deutsche Bank
compliance with the Volcker Rule that prohibits
government-protected banks from engaging in proprietary trading.
(Reporting By Patrick Rucker; Editing by Jonathan Oatis)