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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
Add BT as a preferred sourcePublished Thu, Apr 23, 2015 · 09:50 PM
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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.
Deutsche Bank must terminate six London employees and one in Frankfurt who engaged in wrongful conduct, the New York Department of Financial Services said in a statement on Thursday. The DFS didn't identify them by name and said one is a managing director, four directors and two vice-presidents.
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