Deutsche Bank Enters into $533.6M Non-Prosecution Agreement with US Department of Justice

Deutsche Bank AG DB today announced that it has entered into a Non-Prosecution Agreement with the United States Attorney's Office for the Southern District of New York, a part of the United States Department of Justice, and a Closing Agreement with the Internal Revenue Service, a part of the United States Department of the Treasury, to resolve an investigation related to the Bank's participation in various tax-oriented transactions for clients from approximately 1996 to 2002. Under the terms of these agreements, the Bank will pay USD553.6 million. The Bank has previously taken appropriate provisions for the full amount of the fine, so the payment will not have any impact on current net income.