FRANKFURT (Reuters) - Deutsche Bank said that probes by regulators into a possible manipulation of the Libor benchmark interest rate could result in harsh fines.
"The investigations underway have the potential to result in the imposition of significant financial penalties and other consequences for the Bank," Germany's flagship lender said in its third quarter report published on Tuesday.
Deutsche is cooperating with investigators and has also conducted an internal inquiry, led by its legal department, which resulted in the suspension of five Frankfurt-based traders in February.
(Reporting by Arno Schuetze; Editing by David Cowell)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app