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Deutsche Bank fined record US$2.5b to settle Libor fixing probes

Regulators also ask bank to fire 7 employees - six in London and one in Frankfurt - for wrongful conduct

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Deutsche Bank was ordered to pay a record US$2.5 billion fine and fire seven employees to settle US and UK investigations into its role in manipulating Libor.

Frankfurt

DEUTSCHE Bank was ordered to pay a record US$2.5 billion fine and fire seven employees to settle US and UK investigations into its role in manipulating Libor.

Deutsche Bank must terminate six London employees and one in Frankfurt who engaged in wrongful conduct, the New

sentifi.com

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