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Deutsche Bank paid $ 2.5 billion for the manipulation of LIBOR
Section:   en » Banks      15 мая 2015  
Deutsche Bank paid $ 2.5 billion for the manipulation of LIBOR
 
Deutsche Bank paid a record fine largest financial authorities of the United Kingdom and the United States for accusations of fraud in the interbank interest rate LIBOR.

Deutsche Bank, April 23, pleaded guilty in manipulating LIBOR interest rates in yen, as well as European and Japanese equivalents rate, EURIBOR and TIBOR, for a profit for the bank, as well as traders from other banks. Bank paid 277 million pounds by the Financial Regulation and Supervision of the UK (Financial conduct authority, FCA) and $ 2.175 billion to prosecutors from the US side. $ 775 million was paid to the Ministry of Justice of the US $ 600 million - the Department of Financial Services in New York (New York Department of Financial Services), as well as $ 800 million - the Commission Commodity Futures Trading (Commodity futures trading commission, CFTC).

Today, in addition to paying large fines for manipulation of rate LIBOR, Deutsche Bank must lay off seven employees. At the same time the London branch of the bank, DB Group Services, pleaded guilty to charges of American authorities a criminal offense - fraud using electronic means.

According to the FCA, in total during the manipulation of interest rates was attended by 29 employees of Deutsche Bank, including Senior Director and mid-level managers, traders and several other employees of the German bank in London, New York, Tokyo and Frankfurt.
 
See also:

  • Deutsche Bank increased its profit more than tripled
  • Deutsche Bank выплатил $2,5млрд за махинации с LIBOR
  • Merrill Lynch was fined $ 20 million in the UK
  • UBS
  • Deutsche Bank


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