Deutsche Bank Fined by BaFin for Regulatory Lapses

Deutsche Bank has been fined €[amount] by the German financial watchdog, BaFin, for regulatory infractions. The bank has been penalized for the following reasons:

• Sale of financial instruments in Spain
• Shortcomings in advisory and account switching services

The fine is one of the largest imposed by BaFin, demonstrating the severity of the bank’s mistakes. Deutsche Bank has accepted the fine and is taking steps to improve its internal processes.

The bank’s stock price has shown a positive trend despite the fine.