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U.S. Department of the Treasury
Exclusive: Commerzbank settlement with U.S. postponed amid probe
Exclusive: Commerzbank settlement with U.S. postponed amid probe

NEW YORK (Reuters) - Commerzbank AG's settlement with U.S. authorities over alleged sanctions violations has been postponed, possibly until the end of the year, as prosecutors seek to coordinate the resolution of a separate probe stemming from transactions at the German bank connected to the massive Olympus Corp accounting fraud, according to people familiar with the matter. Commerzbank had been primed to settle with U.S. regulators and prosecutors by the end of September over its dealings with Iran and other countries under U.S. sanctions, Reuters has reported. The sanctions settlement was expected to cost the bank about $650 million, people familiar with the deal have told...

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