German Regulator to Report on Deutsche Bank Libor Role, SZ Say
Bafin, Germany’s financial markets regulator, plans to submit a report on Deutsche Bank AG (DBK)’s role in the Libor and Euribor manipulation affair, Sueddeutsche Zeitung said in a preview of an article to appear today.
Deutsche Bank has demoted four employees as a result of the case and two employees have left the bank, the newspaper said. The report will focus on whether their superiors were aware of any manipulation, SZ said.
Supervisory Board Chairman Paul Achleitner has stated internally that Chief Executive Officer Anshu Jain wasn’t involved in any wrongdoing and will remain in his position, the newspaper said.
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