Deutsche Bank’s Casino Investment Challenged Over Libor Plea

Red Rock Station Casino, Las Vegas.
Source: Evan & Brandi/Creative Commins via Flickr

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Christopher Palmeri

July 10, 2015 at 4:00 AM UTC

This article is for subscribers only.

Deutsche Bank AG is facing a union challenge to a casino investment as a result of its involvement in the London Interbank Offered Rate manipulation scandal.

The bank, which in April agreed to a $2.5 billion fine and settled fraud charges by U.S. and U.K. authorities, is being targeted by the Culinary Workers Union Local 226 in Las Vegas. The union has asked Nevada casino regulators to review the bank’s 25 percent ownership of Station Casinos LLC.