Germany's largest bank has reportedly agreed to pay more than $200 million in penalties to the New York State Department of Financial Services (DFS) and the Federal Reserve, the US central bank.The settlement could be announced as early as this week, the report said.Deutsche Bank declined to comment on the matter.The DFS, which has been aggressive in the sanctions cases and other large enforcement cases involving foreign banks, is also far along in discussions with Deutsche Bank on investigations into manipulating the foreign exchange market and facilitating money laundering in Russia, the person said.The expected 200 million dollar fine against the Frankfurt-based bank comes in the wake of a much larger 8.9 billion dollar penalty against BNP Paribas and a 787 million dollar penalty on Credit Agricole for violating laws barring work for clients inUS-sanctioned countries like Iran, Syria, Sudan and Myanmar.OT**1416