Deutsche Bank Libor Damage Goes Beyond Record $2.5 Billion Fine

April 23, 2015 6:06 PM

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Deutsche Bank Libor Damage Goes Beyond Record $2.5 Billion Fine

Deutsche Bank AG was ordered to pay a record $2.5 billion for its role in rigging benchmark interest rates. That’s just part of the damage.

More than two years of uncertainty over the outcome have weighed on the bank’s shares and undermined confidence in its management. As the investigation dragged on, new market-rigging cases turned the climate more hostile for banks. Ultimately, the bank did its shareholders a disservice by not workin...

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