Deutsche Bank nears $1.5B-plus Libor settlement

April 10, 2015 12:22 AM

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Deutsche Bank is nearing a record settlement topping $1.5 billion to resolve the German banking giant's alleged role in manipulating a global financial benchmark.

Bank officials are in talks with federal prosecutors, British and U.S. regulators and New York's financial services regulator over evidence that Deutsche Bank traders tried to manipulate the London Interbank Offered Rate, a person familiar with the discussions said Thursday.

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