Deutsche Bank agrees to pay 2.5bn fine for manipulating the LIBOR rate

Friday, April 24th 2015 - 08:25 UTC

Full article 2 comments

The New York State Department of Financial Services (NYDFS) announced Thursday that Deutsche Bank had agreed to pay 2.5 billion (2.3 billion Euros) to US and UK authorities as part of a legal settlement over the bank's role in manipulating the London Interbank Offered Rate (Libor). Read full article

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ChrisR
Breakdowns R Us

TOLD YOU!
Apr 24th, 2015 - 11:05 am - Link - Report abuse 0
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Stevie
Deutsche Bank is one of some 20 banks involved in the Libor scandal, Chris.

It's a good start though... Although 2.5B dollars is peanuts compared to the amount of money the scandal involved....
Apr 24th, 2015 - 06:04 pm - Link - Report abuse 0
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