Commerzbank says may pay big to settle Iran case with US

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The bank's New York branch had been served subpoenas and had to surrender extensive documentation to authorities, Germany's second-largest bank said in its quarterly report.

"US authorities may impose civil and criminal sanctions on Commerzbank which may include substantial fines," the report said.

(Reporting by Thomas Atkins; Editing by Arno Schuetze)

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