Deutsche Bank disputes Libor report allegations

Frankfurt

DEUTSCHE BANK has disputed allegations by Germany's financial watchdog, sources close to the lender said, in its official response to a preliminary report into interest rate manipulation which threatens sanctions against the bank and individuals.

The watchdog, Bafin, issued scathing criticism of several executives at Deutsche Bank in a report, sent to the lender in May, on attempts to manipulate interbank interest rates such as Libor, according to a copy of the report published by The Wall Street Journal last Friday.