Deutsche Bank Suisse is to pay a $31 million penalty under agreement with the US Department of Justice’s Swiss bank programme.  The non-prosecution deal entered under the scheme will help the bank avoid possible prosecution for helping Americans in tax evasion.

Deutsche Bank\'s Swiss private banking unit performed intentional malpractices, which helped US taxpayers evade taxes on certain assets and income from the Internal Revenue Service, the department charged.

"Deutsche Bank (Suisse) fully cooperated with the Department of Justice and is pleased to have reached an agreement that resolves th...