Deutsche Bank has reached a $87.5m (€72.3m) settlement with US regulators over conflicts of interest between investment banking and equity research. The total includes a $7.5m penalty for failing to cooperate fully during the course of the investigation.

In a similar settlement reached with the Securities and Exchange Commission, the New York Stock Exchange, the National Association of Securities Dealers and state securities regulators, Thomas Weisel Partners, is to pay $12.5m.