LONDON/NEW YORK April 23 (Reuters) - U.S. and British regulators fined Deutsche Bank a hefty $2.5 billion and its key London subsidiary pleaded guilty to benchmark interest rate rigging on Thursday as it became the latest financial group to settle allegations of misconduct.
The record penalty in a seven-year investigation that has shredded the industry's reputation takes the total fines imposed on some of the world's top financial institutions to more than $8.5 billion. Twenty-one traders and brokers face criminal charges.
17:41 Ford to Record Pre-Tax Loss of $3 Billion in 201618
04:30 Drug deaths reach record high in British Columbia last year16
21:52 Netflix nears 94 million subscribers 10 years after streaming launch20
12:28 Alaska Air to record $82 million as merger-related costs in fourth quarter16