The Traderszone Network

Published in TZ Latest News 24 October, 2014 by The TZ Newswire Staff

Deutsche Bank braces for $1.3 billion in U.S., UK Libor fines: sources

Deutsche Bank (DBKGn.DE) is bracing to pay almost 1 billion euros ($1.3 billion) for Libor-related fines as it nears a deal with U.S. Deutsche Bank declined to comment. A spokesman for the United States Department of Justice declined to comment. Deutsche Bank already settled with European antitrust regulators over Libor and its euro equivalent Euribor last year, agreeing to pay 725 million euros.