Deutsche Bank to pay $2.5B for Libor rate violations

April 23, 2015 1:04 PM

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Deutsche Bank agreed has agreed to pay $2.5 billion to settle charges brought by U.S. ad British authorities that it manipulated of benchmark interest rates, New York state financial regulators and the Justice Department announced Thursday.

The penalty includes a payment of $600 million to the New York State Department of Financial Services, $800 million to the Commodities Futures Trading Commission, $775 million to the U.S. Department of Justice, and $340 million to the United Kingdom's Financial Conduct Authority.

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