Deutsche probe finds chairman did not breach his duties: report

Frankfurt

DEUTSCHE Bank has cleared its chairman of accusations by shareholders that he was partly to blame for the bank's poor cooperation with authorities over alleged rate-rigging, daily Sueddeutsche Zeitung has cited financial sources as saying.

Last year, Deutsche Bank agreed to settle a case over the alleged manipulation of interbank rates such as Libor for a record US$2.5 billion with US and British authorities, which had accused the lender of obstructing their investigations.