Summary
CITY watchdog the Financial Services Authority has fined the London investment banking arm of Deutsche Bank more than Pounds 6.3 million and one of its top dealmakers Pounds 350,000 for improper market conduct.
David Maslen, Deutsche's former head of European cash trading, has been handed the largest FSA fine ever imposed on an individual for his role in a Pounds 1.1 billion deal by the bank that involved shares in Swedish truckmaker Scania.See the full content of this document
Extract
Fsa Slaps Record Fine On Deutsche Trader
Maslen's fine follows internal action by Deutsche that resulted in a reduction of e1.83 million (Pounds 1.27 million) in his 2004 b...
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