Deutsche widens Libor probe after new chat room discovery

Deutsche Bank - External

Deutsche Bank has widened an internal probe into possible manipulation of the Libor benchmark interest rate after discovering a new chatroom where traders may have colluded, a source familiar with the matter said on Monday.

Reuters reports that another source said Deutsche had summoned around 50 employees for questioning as a result of the discovery.

Deutsche says it is cooperating with investigators, but has also conducted an internal inquiry, led by its legal department, which resulted in the suspension of five Frankfurt-based traders in February.

Four of these traders successfully sued Deutsche for unfair dismissal in September, and revealed fresh evidence about how the bank set interbank lending rates.

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Deutsche Bank widens Libor probe after chatroom found - source

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