UK regulator fines Deutsche Bank $340 million in rate rigging probe

April 23, 2015 12:38 PM

50 0

LONDON, April 23 (Reuters) - Britain's markets regulator has fined Deutsche Bank a record 227 million pounds ($340.98 million) on Thursday for allegedly manipulating benchmark interest rates.

The Financial Conduct Authority said the bank manipulated submissions for compiling the London Interbank Offered Rate (Libor) and its variants between January 2005 and December 2010.

Also read: Russian Central Bank: Hackers Stole $31 Million From Correspondent Accounts

Read more

To category page

Loading...