Deutsche Bank may pay more than $1.5 billion in interest rate plea deal

April 9, 2015 10:55 PM

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Deutsche Bank may pay more than $1.5 billion in interest rate plea deal

Germany’s largest bank is nearing an agreement that would result in the largest fine yet in a multi-year government investigation into whether financial institutions manipulated interest rates.

Deutsche Bank DB is reportedly close to a deal with multiple federal regulators that would see the bank paying a record penalty of more than $1.5 billion while also entering a guilty plea on behalf of one of its U.K. units, according to The New York Times, which cited anonymous sources.

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