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.

To contact the reporter on this story: James Kraus in London at jkraus2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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