Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Deutsche Bank’s Jain Promises Full Libor Clarification, DPA Says

Aug. 28 (Bloomberg) -- Deutsche Bank AG Co-Chief Executive Officer Anshu Jain promised a full clarification of the Libor case, saying his bank is making a huge effort to investigate past procedures, DPA reported, citing comments by Jain at an event in Berlin.

Jain reiterated that the lender is co-operating closely with the relevant authorities and that the bank takes the issue very seriously, DPA said. Jain referred to comments from supervisory board head Paul Achleitner that no past and current member of the board participated in the scandal, DPA said.

The Deutsche Bank executive also said that countries hit by the sovereign debt crisis need more time and should get a chance and said nothing is “free”, DPA reported.

Jain added that he believes the euro will survive, according to the news agency. While the economies of Spain and Italy are generally on a sound footing, Jain said, the probability of Italy defaulting increased 40 percent to 50 percent over the last 12 months, DPA reported.

To contact the reporter on this story: Annette Weisbach in Frankfurt at

To contact the editor responsible for this story: Frank Connelly at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.