RPT-WRAPUP 3-Deutsche Bank fined record $2.5 bln over rate rigging

April 23, 2015 4:21 PM

62 0

LONDON/NEW YORK, April 23 (Reuters) - U.S. and British authorities fined Deutsche Bank $2.5 billion, accused Germany's largest lender of obstructing regulators and ordered it to fire seven employees in the eighth global settlement of alleged benchmark interest rate rigging.

The penalty - the biggest in a seven-year investigation that has shredded the banking industry's reputation - takes the total fines imposed on some of the world's top financial institutions to around $8.5 billion. Twenty-one people face criminal charges. (Graphic on bank fines: link.reuters.com/dyd6...

Read more

To category page