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Deutsche Bank Close to Russia Investigation Settlement

Deutsche Bank shares were rising after reports that it is close to reaching a settlement in a Department of Justice investigation.

Deutsche Bank  (DB) - Get Report shares are in focus Monday following reports that U.S. and U.K. regulators have made progress into their investigation that the beleaguered German bank helped its Russian clients disguise suspicious trades. The scheme allegedly allowed Deutsche's Russian clients to buy securities in rubles only to quickly sell them in foreign currency. The U.S. Department of Justice, New York's Department of Financial Services and the U.K.'s Financial Conduct Authority are all involved in the investigation, according to Reuters.  A settlement over the trades could come in 2017.

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