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Sources familiar with the matter said, German lender Commerzbank AG is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions. The bank is expected to pay about $650 million to resolve the U.S. probes, one person said. Reuters previously reported Commerzbank, Germany’s second largest lender, was expected to pay U.S.

“Exclusive: Commerzbank Close To Settling U.S. Sanctions Probes” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

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