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Exclusive: Commerzbank nears $1.4 billion-plus settlement with U.S. - sources

Reuters
A man walks past a branch of Commerzbank ahead of the bank's annual news conference in Frankfurt February 12, 2015. REUTERS/Ralph Orlowski

NEW YORK (Reuters) - Commerzbank AG (CBKG.DE) is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle alleged violations of U.S. sanctions and a separate probe that stemmed from transactions linked to an Olympus Corp accounting scandal, according to two people close to the case.

The accord, which would include deferred prosecution agreements to suspend criminal charges, could come as soon as next week, the sources said on Thursday, asking not to be named because the matter is not public.

One of the sources said the final number was expected to be $1.45 billion. The other source cautioned that the deal has not been finalized yet and details could still change.

(Reporting By Karen Freifeld in New York; Editing by Soyoung Kim and Chris Reese)