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Bafin Libor Report Criticizes Deutsche Bank’s Jain, Spiegel Says

German financial regulator Bafin, which last month completed its review into Libor rigging, criticized several current and former top managers at Deutsche Bank AG, including outgoing co-Chief Executive Officer Anshu Jain, according to German Spiegel magazine.

A Bafin report concludes that no board member was directly involved in manipulating interest rates, according to a preview of Spiegel released Friday, which cites unidentified people familiar with the report. The regulator found serious negligence in control of business processes, organization and dealing with the affair, Spiegel reported. Bafin also criticizes former CEO Josef Ackermann and head of personnel Stephan Leithner, Spiegel said.