Deutsche Bank to Pay $2.5 Billion Fine over Libor Rigging
Today Deutsche Bank AG agreed to pay a $2.5 billion fine and execute a deferred prosecution agreement with regulators in the United States and the United Kingdom over allegations the bank’s traders manipulated the London Interbank Offered Rate (Libor) as well as other key benchmarks. The fine paid by Germany’s largest bank represents the largest Libor settlement to date. The deal was struck between Deutsche Bank and the U.S. Department of Justice (DOJ), the New York State Department of Financial Service, the US Commodity Futures Trading Commission (CFTC) and the U.K. Financial Conduct Authority (FCA).
The experienced securities fraud attorneys at Colling Gilbert Wright & Carter represent investors in the Commodities Futures Trading Commission (CFTC) and the National Futures Association (NFA). If you have lost money as a result of an investment in foreign currencies or other commodities, please contact us for a free case evaluation.