No Libor evidence found against Deutsche's co-CEO

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Germany’s financial regulator found no evidence during a two-year probe that Deutsche Bank co-Chief Executive Officer Anshu Jain knew about or participated in possible interest rate manipulation, newspaper Handelsblatt reported.

Bloomberg News reports that the watchdog, known as Bafin, also concluded that other board members didn’t know about or take part in any such activity, Handelsblatt said.

The watchdog’s report on the case is expected to come at the start of 2015, the newspaper said, citing unidentified people close to the financial industry.

Deutsche Bank is contending with international probes into whether firms rigged the London interbank offered rate. Jain won the co-CEO job after leading the firm’s investment bank from 2004 to 2012, years when some alleged improprieties occurred. He hasn’t been accused of wrongdoing.

To access the complete Bloomberg News article hit the link below

Libor Probe Finds No Evidence Against Jain, Handelsblatt Says

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