The authorities of the United States and the United Kingdom fined the largest bank in Germany, Deutsche Bank at 2.5 billion dollars, the highest fine imposed in the context of an investigation that took place over seven years. At issue is the handling of interbank rates, including Libor.
The bank took responsibility and thus agreed with supervisors, which prevents criminal actions and the possibility of losing a banking license in the US.
The agreement sought the dismissal of seven employees of the bank, but, according to the supervisors, at least 29 employees were involved in the schemes, operating from New York, London, Frankfurt and Tokyo.
US regulators fined the bank at 2.12 billion euros and the British imposed a fine of 340 million.
As part of the same investigation, other banks were also fined: the euro pagou1.300 million Swiss UBS and Barclays paid 362 million.
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