US authorities have begun settlement talks with German lender Commerzbank AG (CRZBY.PK), over its alleged dealings with Iran and other countries blacklisted by the United States, according to media reports citing people familiar with the matter.
Commerzbank may incur penalties of at least $500 million as part of a deferred-prosecution agreement with authorities as soon as summer in the U.S., the reports said.
Bloomberg reported that the probe is part of a U.S. crackdown on financial institutions for handling funds linked to blacklisted nations that led to a record $8.9 billion fine against French lender BNP Paribas SA (BNP.L,BNPQY.PK), Crédit Agricole SA (CRARF.PK) and Societe Generale SA (SCGLF.PK,SCGLY.PK), German lender Deutsche Bank AG (DB) and Italian banking giant UniCredit SpA (UNCFF.PK) are among other lenders being investigated by U.S. authorities.
The Manhattan District Attorney's office is reportedly working with the Justice Department, New York's banking regulator and the Federal Reserve on the Commerzbank investigation.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.