Deutsche Bank - Regulator Said To Find LIBOR Organisational Flaws

Deutsche Bank - Foyer

German markets regulator Bafin has identified 'organisational flaws' at Deutsche Bank before the watchdog reports on its investigation of the manipulation of global interest rates, newspaper Handelsblatt said without citing sources.

Reuters reports that the German daily added that Co-Chief Executives Anshu Jain and Juergen Fitschen are not personally implicated or held to be at fault by the regulator.

In the meantime, Bloomberg reports that Deutsche Bank co-Chief Executive Officer Anshu Jain said the lender had a “solid” performance in the first quarter helped by lower costs

“We expect our first quarter to be solid across all businesses, driven by robust revenues similar to last year’s performance,” Jain said at a conference in London Thursday. 'More encouragingly, we expect a positive development for expenses in the first quarter driven by effects from our cost reduction effort in the second half of 2012'.

Regulator finds flaws in how Deutsche Bank oversaw Libor - paper

Deutsche Bank Had ‘Solid’ First Quarter, co-CEO Jain Says

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News