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Libor interest rate News

13 Oct 2017

Citi, Deutsche Bank, HSBC agree to pay $132 million to settle Libor claims

Banks use Libor to set rates on hundreds of trillions of dollars of credit card, mortgage, student loan and other transactions, and to determine the cost of borrowing from one another.

20 May 2015

US, Britain fine six top banks nearly $6 bn for forex, Libor abuses

The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland`s UBS, for violating a prior settlement of Libor charges.

28 Apr 2015

Deutsche's radical revamp foiled by ECB stress test

A radical plan for Deutsche Bank to become a pure investment bank and corporate lender was dropped after stress tests demanded by the European Central Bank concluded the model would not withstand a severe financial crisis, sources said.

24 Mar 2015

Deutsche Bank faces new Libor probe in US: Source

Deutsche Bank is under investigation in New York state for rigging the Libor interest rate, a person familiar with the probe said Monday.

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