German prosecutors will not pursue charges against Deutsche Bank staff suspected of helping launder dirty money, instead fining the bank $15.8 million, which is equivalent to just 0.06% of the $26.4 billion in total net revenues it generated last year.
Germany fines Deutsche Bank which, with Danske Bank, was involved in facilitating up to EUR 230 billion in illicit financial transactions through its Estonian branch. The fine? EUR 13.5 million, 0.006%. Are you kidding?