deutsche bank to pay 25bn in us britain fines
Last Updated : GMT 09:03:51
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Last Updated : GMT 09:03:51
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Deutsche Bank to pay $2.5bn in US, Britain fines

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Almaghrib Today, almaghrib today 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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