The penalty of $ 2.5 billion to Deutsche Bank to pay, is the highest so far in the Libor affair. The main part of the amount going to the US authorities. The rest is for the UK. In addition to the penalty should Deutsche Bank also lay off seven employees: six in London, one in Frankfurt. According to the FCA were the seven directly involved in the manipulations.
Other banks
The London Interbank Offered Rate, known as Libor, the rate at which banks lend to each other on the London
The Libor scandal the banking sector alongside the financial crisis once again shaken, when it appeared that some banks interest rate of Libor since 1991 manipulated. Several British and US banks have in recent years reached a settlement or pay a fine. The Dutch Rabobank was fined half years ago.
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