Deutsche Bank to pay $2.5bn in US, Britain fines

GMT 12:49 2015 Thursday ,23 April

Arab Today, arab today Deutsche Bank to pay $2.5bn in US, Britain fines

Deutsche Bank
New York - Arab Today

The US Justice Department Thursday announced $2.17 billion in fines against Deutsche Bank, which agreed to plead guilty to manipulating interest rates.

The largest German bank entered into a deferred prosectution agreement to settle charges it rigged the London InterBank Offered Rate. Deutsche agreed to $2.5 billion in overall fines for rigging LIBOR and other rates, including penalties announced Thursday by Britain's Fianncial Conduct Authority.

 

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