Deutsche hit by record Korean fine – answers
questions
- Which verb tells you that a large fine has been imposed on Deutsche Bank? to slap ‘slapped a large fine’
- Who has fined them and why? The Korea Exchange
- What else does the Exchange want? the dismissal or suspension of one employee and the demotion or reprimand of two others
- Which noun tells us that the action of the bank was very serious? gravity
- What is significant about the fine? it is the largest ever imposed on a brokerage
- When did the bank’s local broker execute a large sell order? November 11th 2010
- How late were they in informing the boss? 1 minute
- What happened as a result of the delay? a 2.7% fall on the South Korean bench mark index (Kospi)
- How was this seen by the KRX? as an unfair profit
- What was harmed by this action of the bank? trade
- What consequences come from proprietary trading? harming investor trust in the regulatory system and causing unfair impact on market prices
- How much money did Deutsche Bank’s Korean operations make in illegal profit? $40 million