The Most Cringeworthy Chat Messages From the Deutsche Bank Libor Transcripts
COULD WE PLS HAVE A LOW 6MTH FIX TODAY OLD BEAN?
Behind Deutsche Bank’s Record $2.5B Libor Fine
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Deutsche Bank has just been hit with a $2.5 billion fine for manipulating Libor, the interbank lending rate that is linked to trillions of dollars of financial contracts.
As part of the investigation, US regulators trawled through years of chats between U.S. Dollar Libor submitters and traders to show how common manipulation had become.