Deutsche Bank to pay 130 million dollars to avoid bribery charge

(PA)

Deutsche Bank has agreed to pay fines and penalties of about 130 million US dollars (£96 million) to avoid a criminal prosecution on charges it participated in a foreign bribery scheme to win business in Saudi Arabia.

Lawyers for the bank, which has longstanding ties to President Donald Trump, waived its right to face an indictment on conspiracy charges during a teleconference with a federal judge in New York City.