A PYMNTS Company

Germany: Deutsche Bank may be pressed to plead guilty for LIBOR-rigging

 |  October 7, 2014

Reports say US prosecutors are gearing up to charge at least one bank with interest rate manipulation this year and are considering pressuring Deutsche Bank to plead guilty to allegations.

According to the New York Times, prosecutors investigating Deutsche Bank’s alleged role in LIBOR-rigging are coordinating with US officials in preparation of pursuing a guilty plea from the German bank. No final decisions have been made in the case, however, according to unnamed lawyers.

Deutsche Bank is in the midst of an internal investigation probing the allegations, though the bank has declined to comment on the case.

The bank would not likely be the only financial institution to plead guilty to the charges, reports say.

Full content: Businessweek

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.