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

Deutsche Bank AG 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.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE