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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