Reuters - Deutsche Bank won't rule out personnel changes after scandal

Deutsche Bank - Foyer Bridge

Deutsche Bank supervisory board chief Paul Achleitner does not rule out taking appropriate measures including personnel changes resulting from the Libor affair, he was quoted saying on Wednesday.

Reuters reports that U.S. and British authorities forced the bank to pay $2.5bn in April for manipulation of the Libor benchmark interest rate, a record fine in the Libor probes.

Britain's Financial Conduct Authority said at the time senior Deutsche staff had wrongly claimed German regulator Bafin had prevented them from sharing a critical Bafin report on the bank.

'That the bank was not able to quickly address all the demands is very regrettable', Achleitner was quoted as saying in the summary of an interview to appear in magazine WirtschaftsWoche. 'But the supervisory board has up to now not been able to recognise any active efforts to hinder regulators'.

To access the complete Reuters article hit the link below:

Deutsche Bank board chief mulls consequences of Libor affair - WirtschaftsWoche magazine

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