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Germany: Deutsche Bank nears $1.5 billion-plus Libor settlement

By  |  April 12, 2015

Deutsche Bank is nearing a record settlement topping $1.5 billion to resolve the German banking giant’s alleged role in manipulating a global financial benchmark.

Bank officials are in talks with federal prosecutors, British and U.S. regulators and New York’s financial services regulator over evidence that Deutsche Bank traders tried to manipulate the London Interbank Offered Rate, a person familiar with the discussions said Thursday.

The resolution could be reached as soon as this month and is expected to include a criminal guilty plea by a Deutsche Bank subsidiary in the United Kingdom The New York Times reported.

 

Full Content: The Wall Street Journal

 

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