23.04.2015 17:50
YEREVAN, April 23. / ARKA /. Deutsche Bank will pay U.S. and British authorities $2.5 billion and its London subsidiary will plead guilty to wire fraud for manipulation of benchmark interest rates, U.S. authorities said on Thursday, The Wall Street Journal reports.
As part of the deal, Germany’s largest bank also entered into a deferred prosecution agreement with the U.S. Justice Department and admitted its role in manipulating the London Interbank Offered Rate (Libor).
The bank also agreed to terminate and ban employees who engaged in misconduct and will install an independent monitor, according to New York state's Department of Financial Services.
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