Deutsche Bank fined record $2.5 bln over Libor rate rigging

Deutsche Bank agreed with US and British authorities on 23 April 2015 to pay a record $2.5 billion in fines, over manipulated benchmark interest rates it used to price contracts in Europe, and around the world.

The penalty was the biggest in a seven-year rate-rigging investigation by regulators who accused some of the world's largest financial institutions of tainting markets with fraud and collusion. It took the total fines imposed to around $8.5 billion. Twenty-one people also faced criminal charges.

• Primary Source

ESO: Background information: Deutsche Bank under fire in the US http://www.europeansources.info/record/deutsche-bank-under-fire-in-the-us/

The Guardian, 23.04.15: Deutsche Bank hit by record $2.5bn Libor-rigging fine http://www.theguardian.com/business/2015/apr/23/deutsche-bank-hit-by-record-25bn-libor-rigging-fine

The Telegraph, 23.04.15: Deutsche Bank hit with largest Libor fine in history http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11557026/Deutsche-Bank-record-Libor-settlement.html

BBC News, 23.04.15: Deutsche Bank in record $2.5bn fine over interest rate manipulation http://www.bbc.co.uk/news/business-32430710

Deutsche Welle, 23.04.15: Deutsche Bank to pay record fine in Libor scandal http://dw.de/p/1FDW9

The New York Times, 23.04.15: Deutsche Bank to Pay $2.5 Billion Fine to Settle Rate-Rigging Case http://www.nytimes.com/2015/04/24/business/dealbook/deutsche-bank-settlement-rates.html

The Wall Street Journal, 23.04.15: Deutsche Bank to Pay $2.5 Billion to Settle Libor Investigation http://www.wsj.com/articles/deutsche-bank-settles-libor-investigation-with-u-s-u-k-authorities-1429791118

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