Commerzbank to pay $1.45 billion to resolve U.S. sanctions probe

12/03/2015 - 17:10

WASHINGTON (Reuters) - Commerzbank AG has agreed to pay $1.45 billion to resolve a U.S. investigation of its dealings with Iran and other sanctioned countries, as well as a separate probe of its money laundering controls, U.S. authorities said on Thursday.

Germany's second-largest lender said on Feb. 12 that it had set aside 1.4 billion euros ($1.49 billion) for legal costs, related in part to the U.S. probes.

(Reporting by Lindsay Dunsmuir; Editing by Emily Stephenson)