Deutsche Bank Misstatements and Dawdling Almost Double U.K. Fine

Deutsche Bank AG managed to almost double the record fine the U.K. regulator handed down for rigging Libor through its foot-dragging and evasions, the Financial Conduct Authority said.

“Deutsche Bank’s unacceptably slow and ineffective response” to questions and repeated “false, inaccurate or misleading” statements were cited as reasons for the FCA to tack on an additional 101 million pounds ($152 million) to bring the settlement to 227 million pounds, the FCA said Thursday.