{"id":1851,"date":"2017-10-26T13:45:39","date_gmt":"2017-10-26T18:45:39","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1851"},"modified":"2022-03-22T15:07:25","modified_gmt":"2022-03-22T20:07:25","slug":"deutsche-bank-agrees-pay-220m-resolve-libor-rigging-probe","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-agrees-pay-220m-resolve-libor-rigging-probe\/","title":{"rendered":"Deutsche Bank Agrees to Pay $220M to Resolve Libor Rigging Probe"},"content":{"rendered":"<p>\t\t\t\tDeutsche Bank AG (DB) has settled with 45 US states and will now pay $220M to resolve allegations that it engaged in rigging the London Interbank Offered (LIBOR) rate and other benchmark interest rates. According to the settlement, the bank admitted that its managers and traders took part in benchmark rigging from \u201905 to \u201909.<\/p>\n<p><em>A press release issued by New York Attorney General Eric Schneiderman states that Deutsche Bank \u201cacted unlawfully,\u201d including that: <\/em><\/p>\n<p>\u00b7      The bank defrauded counterparties when it didn\u2019t disclose that it was making LIBOR submissions that were \u201cfalse or misleading.\u201d<\/p>\n<p>\u00b7      Its traders tried to influence the LIBOR submissions of other banks so that Deutsche Bank would benefit.<\/p>\n<p>\u00b7      The bank knew that other banks were rigging LIBOR, too.<\/p>\n<p>\u00b7      Deutsche Bank didn\u2019t disclose that the other banks\u2019 LIBOR submissions were not accurate reflections of their borrowing rates or that the published rates were not accurate to the submitting banks\u2019 real borrowing costs.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-agrees-pay-220m-resolve-libor-rigging-probe\/#more-1851\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deutsche Bank AG (DB) has settled with 45 US states and will now pay $220M to resolve allegations that it engaged in rigging the London Interbank Offered (LIBOR) rate and other benchmark interest rates. According to the settlement, the bank admitted that its managers and traders took part in benchmark rigging from \u201905 to \u201909. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3818,3752,4027,3741],"tags":[],"class_list":["post-1851","post","type-post","status-publish","format-standard","hentry","category-deutsche-bank","category-financial-firms","category-libor-scandal","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deutsche Bank Agrees to Pay $220M to Resolve Libor Rigging Probe &#8212; Investor Lawyers Blog &#8212; October 26, 2017<\/title>\n<meta name=\"description\" content=\"Deutsche Bank AG (DB) has settled with 45 US states and will now pay $220M to resolve allegations that it engaged in rigging the London Interbank Offered &#8212; October 26, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-agrees-pay-220m-resolve-libor-rigging-probe\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Deutsche Bank Agrees to Pay $220M to Resolve Libor Rigging Probe &#8212; 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