{"id":5795,"date":"2015-04-10T00:00:00","date_gmt":"2015-04-10T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/04\/deutsche_bank_settlement_over"},"modified":"2022-05-06T12:18:16","modified_gmt":"2022-05-06T17:18:16","slug":"deutsche-bank-settlement-over","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-settlement-over\/","title":{"rendered":"Deutsche Bank Settlement Over Libor Rigging Likely to Exceed $1.5B"},"content":{"rendered":"\n

According to media reports, Deutsche Bank AG (DB) could settle allegations over Libor manipulation with U.S. and British regulators as early as this month. A source reports that the settlement is likely to be larger than $1.5 billion and unit Deutsche Bank Group Services may even plead guilty.<\/p>\n

Regulators expected to be involved in any settlement are the U.S. Department of Justice, the Department of Financial Services in New York, the Commodity Futures Trading Commission, and U.K.\u2019s Financial Conduct Authority. Deutsche Bank is one of several banks probed over accusations of London interbank offered rate manipulation. <\/p>\n

Libor is the key interest rate linked to mortgages, credit cards, student loans, and other instruments. The bank is accused of giving false data to a British Banker\u2019s Association daily survey, which impacted Libor\u2019s daily rate in numerous currencies, such as the U.S. dollar, the Euro, and the yen. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

According to media reports, Deutsche Bank AG (DB) could settle allegations over Libor manipulation with U.S. and British regulators as early as this month. A source reports that the settlement is likely to be larger than $1.5 billion and unit Deutsche Bank Group Services may even plead guilty. Regulators expected to be involved in any […]<\/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],"tags":[],"class_list":["post-5795","post","type-post","status-publish","format-standard","hentry","category-deutsche-bank","category-financial-firms","category-libor-scandal"],"yoast_head":"\nDeutsche Bank Settlement Over Libor Rigging Likely to Exceed $1.5B — Investor Lawyers Blog — April 10, 2015<\/title>\n<meta name=\"description\" content=\"According to media reports, Deutsche Bank AG (DB) could settle allegations over Libor manipulation with U.S. and British regulators as early as this — April 10, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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