Deutsche Bank is to pay $ 95 m to settle a German government tax fraud lawsuit which accused the bank of using " insolvent " shell companies to hide tax liabilities from the tax office in 2000 . This settlement puts an end to a lawsuit that aimed to recoup over $ 190 m in taxes , penalties and interest . Deutsche Bank says it is pleased to resolve the claim and move on .
Deutsche Bank is to pay $95m to resolve a US government tax fraud lawsuit which accused the bank of using "insolvent" shell companies to hide tax liabilities from the tax office in 2000. This move puts an end to a lawsuit that sought to recoup over $190m in taxes, penalties and interest. Deutsche Bank says it is pleased to resolve the claim and move on.