Deutsche Bank AG will pay a $186 million penalty after a Federal Reserve investigation found that it hadn’t put in place sufficient measures to prevent money laundering. As part of the settlement, the German lender also agreed to step up risk management and governance. The Fed said its findings related to “unsafe and unsound practices and violations” of previous agreements with the central bank. “The Board found that Deutsche Bank made insufficient remedial progress under the 2015 and 2017 consent orders and had deficient anti-money laundering internal controls and governance processes relating to its prior ... (full story)