Deutsche Bank faces rate rigging fine from U.S., UK watchdogs

April 23, 2015 10:39 AM

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FRANKFURT, April 23 (Reuters) - Deutsche Bank faced a multi-billion-dollar fine on Thursday as British and U.S. officials prepared to announce a legal settlement over alleged attempts at its London-based subsidiary to manipulate interest rate benchmarks.

Shares in Germany's largest bank - whose unit may make an admission of guilt - were little changed after Deutsche said late on Wednesday that it planned to top up its legal provisions by 1.5 billion euros ($1.6 billion) this year.

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