German banking giant Deutsche Bank will pay a record $2.5 billion for rigging interest rates in a multi-bank conspiracy that undermined global financial markets, US and British authorities said Thursday. "Deutsche Bank secretly conspired with its competit
German banking giant Deutsche Bank will pay a record $2.5 billion for rigging interest rates in a multi-bank conspiracy that undermined global financial markets, US and British authorities said Thursday. "Deutsche Bank secretly conspired with its competit
German banking giant Deutsche Bank will pay a record $2.5 billion for rigging interest rates in a multi-bank conspiracy that undermined global financial markets, US and British authorities said Thursday. "Deutsche Bank secretly conspired with its competit
Britain's financial regulator has harshly criticized Deutsche Bank's top management for failing to cooperate in its probe of the rigging of benchmark interest rate Libor, German magazine Der Spiegel said on Saturday. Britains Financial Conduct Authority (
A British former trader at Rabobank pleaded not guilty on Monday to US charges that he engaged in a scheme to manipulate Libor, the benchmark interest rate at the center of wide-ranging global probes into misconduct at major banks.
The euro's slide against the dollar has ignited fears of a currency war, analysts maintain though some argue that countries are proactively intervening in the marketplace to weaken their currency with the objective of improving exports, while others aver