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Deutsche Bank to pay to end 'Dark Pool' probe

Deutsche Bank AG will pay $37 million to end government investigations into how it routed trades to "dark pool" private trading venues, including its own, authorities said Friday.

With the settlement, three European banks have agreed to pay a combined $191 million in penalties this year to the New York Attorney General and the Securities and Exchange Commission to close investigations into whether they properly policed their stock-trading platforms.

The bank's settlement with U.S. and New York regulators closes one investigation as the bank also is negotiating with the Justice Department to resolve claims over mortgage securities it sold in the run-up to the financial crisis.

Deutsche Bank in September rejected a $14 billion settlement offer from the government in the mortgage probe, and it has since made a settlement counteroffer, according to people familiar with the matter. But the two sides have continued to disagree on key points of a deal, these people said.

The government's offer would have included cash and consumer help to settle that investigation, but the bank said at the time it wouldn't pay anything near the proposed amount.

A deal in that matter could still come together before the end of the Obama administration, some of the people said.

One focus of the trading-platform probes has been whether the banks withheld information that might have led clients to route orders elsewhere. The two biggest settlements, announced in January, involved Credit Suisse Group AG and Barclays PLC.

Deutsche Bank in its settlement admitted that between January...