“Deutsche Bank was handed a total fine of £1.7bn for its involvement in the Libor and Euribor rate-rigging scandal last month – the largest yet – but what led to the record high penalty?
The bank was fined a record £227m by the FCA for manipulating rates. The Department of Justice fined the bank $775m, while the Commodity Futures Trading Commission levied an $800m fine, and the New York Department of Financial Services fined Deustche $600m. The total penalties amount to $2.5bn (£1.7bn).”
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