Deutsche Bank and JPMorgan Chase have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.
Reuters reports that the preliminary settlements, totaling $77 million for Deutsche Bank and $71 million for JPMorgan, were detailed in filings late Friday in the U.S. District Court in Manhattan, and require a judge's approval.
They followed similar settlements last year with Citigroup and HSBC Holdings totaling $23 million and $35 million, respectively.
In the meantime, the news agency also reports that the U.S. Department of Labor on Friday ordered Wells Fargo to pay $575,000 (442,512 pounds) and to rehire a whistleblower the bank had dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement.
The name of the whistleblower was not disclosed.