Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through cost cutting. Photographer: Krisztian Bocsi/Bloomberg via Getty ImagesKrisztian Bocsi | Bloomberg | Getty ImagesDeutsche Bank has agreed to pay about $125 million to resolve separate U.S. federal probes into allegations it paid bribes to secure business overseas and that it manipulated metals markets, according to a person with direct knowledge of the deal.The bank, a global capital markets player and Germany’s largest lender, entered into a three-year deferred prosecution agreement as part of the settlement, according to a copy of the document filed today in federal court in Brooklyn.Nearly all of the dollar value of the punishments to be announced Friday is tied to the allegation that Deutsche Bank employees violated the Foreign Corrupt Practices Act with dealings in China, Abu Dhabi, Saudi Arabia and Italy, according to the person.That accounts for about $123 million in fines paid to the Justice Department and the Securities and Exchange Commission. The bank is also paying $1.9 million to the Justice Department tied to spoofing in the metals markets, a figure that gives the bank credit for an 2018 settlement with the Commodity Futures Trading Commission.The news is the latest acknowledgement of shoddy controls at Deutsche Bank since the 2008 financial crisis. In 2015, the bank agreed to pay $2.5 billion to settle charges it manipulated the LIBOR global interest rate. In 2017, the firm agreed to a $7.2 billion settlement for its role in creating soured mortgage bonds during the housing bubble.More recently, Deutsche Bank paid New York authorities $150 million in July. CEO Christian Sewing conceded his firm should never have accepted child sex trafficker Jeffrey Epstein as a client in 2013.Deutsche Bank has given bribes and expensive gifts to politically connected individuals in China, according to a New York Times report from 2019.Bank spokesman Dan Hunter said the firm has taken “significant” steps to address the issues, including spending more than 1 billion euros on controls and training.”While we cannot comment on the specifics of the resolutions, we take responsibility for these past actions, which took place between 2008 and 2017,” the bank said. “Our thorough internal investigations, and full cooperation with the DOJ and SEC investigations of these matters, reflect our transparency and determination to put these matters firmly in the past.”This story is developing. Please check back for updates.