Deutsche Bank Seeks to Limit Libor-Probe Impact, Spiegel Says

Deutsche Bank AG (DBK) reached an agreement to cooperate with the European Commission in the investigation into the manipulation of the London interbank offered rate, Der Spiegel reported, without saying how it got the information.

The aim is to keep penalties for Germany’s biggest bank lower than they might otherwise be, the German weekly magazine reported today.

Armin Niedermeier, a Deutsche Bank spokesman in Frankfurt, declined to comment on the report when called by Bloomberg News.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.