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Deutsche Bank to Pay $2.5 Billion in Rate-Rigging Case

Berlin, April 24 (RHC)-- Deutsche Bank has become the latest financial firm to settle accusations it rigged a key global interest rate used to set the value of trillions of dollars in investments.

The bank agreed to pay $2.5 billion under the settlement with U.S. and British regulators, and accept a criminal guilty plea for a British subsidiary. No one at the bank has been charged with a crime.


 

Edited by Ivan Martínez
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