U.S., UK aim for Deutsche Bank Libor settlement on Thursday: sources

April 21, 2015 3:17 PM

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U.S., UK aim for Deutsche Bank Libor settlement on Thursday: sources

FRANKFURT (Reuters) - U.S. and British officials are preparing to announce a settlement with Deutsche Bank AG (DBKGn.DE) as soon as Thursday over allegations it tried to rig benchmark interest rates such as Libor, two sources with knowledge of the matter said.

Deutsche Bank said it was working with the relevant authorities but declined comment further. Penalties are likely to exceed $1.5 billion, the amount UBS Group AG (UBSG.VX) paid in 2012, Reuters reported previously.

Also read: JPMorgan, HSBC, Credit Agricole Fined $521 Million Over Euribor

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