Deutsche Bank to pay $2.5B for interest rate violations

April 23, 2015 12:17 PM

56 0

New York state financial regulators say Deutsche Bank will pay a $2.5 billion settlement involving the manipulation of the benchmark interest rates.

Financial Services Superintendent Benjamin Lawsky announced Thursday morning that Deutsche will fire employees who were involved in the misconduct and install an independent monitor for New York state banking law violations.

Also read: China-Backed Firm Reaches Deal to Buy Apple Supplier Imagination Technologies

Read more

To category page

Loading...