Sat, Aug 17, 2013 7:36 AM EDT 1:05
A German paper is reporting German regulator BaFin is looking into whether Deutsche Bank should improve the controls it has in place against money laundering. In BaFin's view, Germany's largest bank took too long to report some suspicious transactions to the police, possibly because the bank's internal alarm systems were not set up correctly The motorist group AAA said the national average price for a gallon of regular unleaded gasoline has increased one tenth of a cent to $3.542, marking the second consecutive increase. Prime Minister Manmohan Singh said there is "no question" of India going back to an economic crisis experienced in 1991, as its rupee currency is now linked to the market and foreign exchange reserves are adequate. Asia's third largest economy is growing at its slowest pace in a decade, while the rupee, the region's worst performer this year, is at an all-time low.