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Deutsche Bank Said to Pay $2.14 Billion in Libor Case

relates to Deutsche Bank Said to Pay $2.14 Billion in Libor Case
Photographer: Krisztian Bocsi/Bloomberg
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Deutsche Bank AG is poised to settle U.S. and U.K. investigations into rigging of benchmark interest rates for about 2 billion euros ($2.14 billion), according to a person briefed on the matter.

New York’s Department of Financial Services also may install a monitor at the bank to oversee its compliance with the settlements to be announced as soon as today according to the person, who asked not to be identified because the talks were private. The Frankfurt-based firm said Wednesday it will log 1.5 billion euros in litigation costs in the first quarter.