UK regulator fines Deutsche Bank $340m over Libor

GMT 12:17 2015 Thursday ,23 April

Arab Today, arab today UK regulator fines Deutsche Bank $340m over Libor

Britain's Financial Conduct Authority
London - Arab Today

Britain's Financial Conduct Authority said Thursday it had fined Deutsche Bank $340 million for misconduct over the Libor interest-rate rigging scandal.

"The fine is so large because Deutsche Bank also misled the regulator, which could have hampered its investigation," the FCA said in a statement, adding that it was a record penalty handed down in Britain for such an offence.


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