WRAPUP 4-Deutsche Bank fined record $2.5 bln over rate rigging

April 23, 2015 8:41 PM

49 0

LONDON/NEW YORK, April 23 (Reuters) - Deutsche Bank on Thursday agreed with U.S. and British authorities to pay a record $2.5 billion to resolve investigations it manipulated benchmark interest rates used to price loans and contracts around the world.

As part of the deal, Deutsche Bank's London-based subsidiary pleaded guilty to criminal wire fraud and the parent group entered into a deferred prosecution agreement to suspend criminal charges.

Read more

To category page