Deutsche bank Fined for Money Laundering

Deutsche Bank was fined half a billion pounds for failing to prevent money laundering, where Russian rubles were converted into American dollars through a process called mirror trading. The bank's systems were exploited, leading to a $10 billion laundering operation. Deutsche Bank has since implemented new rules and closed its Russian investment bank, but investigations continue. Critics argue the fines are insufficient and highlight a lack of individual accountability. This incident follows a previous $7 billion fine for mis-selling mortgage products, marking a challenging period for the bank.

What is the significance of the £500 million fine in relation to Deutsche Bank's size?

What recent fine did Deutsche Bank pay to American authorities prior to the £500 million fine?