US regulators said they have fined Deutsche Bank, Germany's largest lender, $70 million for attempted manipulation of an interest rate benchmark. The Commodity Futures Trading Commission (CFTC) said in a statement late Thursday that it had ordered the German bank to pay the fine after finding that its subsidiary, Deutsche Bank Securities, "made false reports and through the acts of multiple traders attempted to manipulate the US Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX)."
The ISDAFIX is global benchmark for interest-rate derivatives and other financial instruments.
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