Deutsche Bank staff probed over Libor by Frankfurt prosecutors

Frankfurt prosecutors are investigating Deutsche Bank AG employees over their roles in the Libor-rigging scandal.

Authorities opened the probe after receiving a Libor report compiled by German financial regulator Bafin, said Nadja Niesen, a spokeswoman for Frankfurt prosecutors.

"We will first analyse the Bafin report before deciding where this investigation will head," said Niesen. "There is nothing more to say about the case at the moment."

The Frankfurt-based lender has paid billions of dollars in fines to settle investigations into its role in rigging the London interbank offered rate. The misconduct involved at least 29 Deutsche Bank employees including managers, traders and rate- submitters, primarily based in London but also in Frankfurt, Tokyo and New York, according to the UK Financial Conduct Authority.
 

Deutsche Bank spokesman Klaus Winker declined to comment. The Financial Times reported the probe earlier on Monday.

German financial regulator Bafin, which last month completed its review of Libor rigging, found Deutsche Bank senior managers acted "negligently," the Financial Times reported Friday. After receiving Deutsche Bank's response, Bafin will decide on the consequences, the regulator said last month.