The Traderszone Network

    Commerzbank had been primed to settle with U.S.     The sanctions settlement was expected to cost the bank about $650 million, people familiar with the deal have told Reuters, and the bank had been expected to enter into deferred prosecution agreements with prosecutors that would suspend criminal charges.     But the accord was put on ice after the Manhattan U.S. Attorney’s office, which is not involved in the sanctions deal, looked into the bank’s records in connection with the $1.7 billion accounting fraud at Japan’s Olympus, said two sources who did not want to be identified.

    Commerzbank had been primed to settle with U.S.     The sanctions settlement was expected to cost the bank about $650 million, people familiar with the deal have told Reuters, and the bank had been expected to enter into deferred prosecution agreements with prosecutors that would suspend criminal charges.     But the accord was put on ice after the Manhattan U.S. Attorney’s office, which is not involved in the sanctions deal, looked into the bank’s records in connection with the $1.7 billion accounting fraud at Japan’s Olympus, said two sources who did not want to be identified.