31-01-2017 17:38 via uk.news.yahoo.com

The 'mirror' trades that caught Deutsche in Russian web

By John O'Donnell FRANKFURT (Reuters) - When regulators looked into the "mirror" trades at Deutsche Bank, they didn't like what they saw. A client would ask Deutsche Bank in Moscow to buy Russian blue-chip stocks using roubles, for example, then shortly after another would tell Deutsche Bank in London to sell the same amount of shares at the same price for dollars. There was a steady flow of small trades, typically $2-3 million each, totalling about $10 billion of deals over about four years, ac
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