Talks over an industry-wide settlement for banks involved in the Libor rate-fixing scandal have been informal, and are not advanced, Deutsche Bank co-chief executive Anshu Jainsaid on Thursday. Axel Weber, chairman of Swiss bank UBS, raised the possibility of an industry-wide settlement for the rest of the banks involved in […]
Tag: Deutsche Bank
At least three banks seen central to Libor rigging
By Carrick Mollenkamp and Emily Flitter | Reuters New details from court documents and sources close to the Libor scandal investigation suggest that groups of traders working at three major European banks were heavily involved in rigging global benchmark interest rates. Some of those traders, including one who used to […]
Exclusive: Banks in Libor probe consider group settlement-sources
A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone, people familiar with the banks’ thinking said. Such discussions are preliminary, and it is unclear if regulators will enter these […]
