Deutsche Bank disputes Libor report allegations
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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.
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