Deutsche Bank reaches $170 million Euribor-rigging settlement - FORECLOSURE FRAUD

Categorized | STOP FORECLOSURE FRAUD

Deutsche Bank reaches $170 million Euribor-rigging settlement

Deutsche Bank reaches $170 million Euribor-rigging settlement

Reuters-

Deutsche Bank AG (DBKGn.DE) will pay $170 million to settle an investor lawsuit claiming it conspired with other banks to manipulate the benchmark European Interbank Offered Rate and related derivatives.

A preliminary settlement was filed on Monday with the U.S. District Court in Manhattan, and requires a judge’s approval.

It follows similar settlements with Barclays Plc (BARC.L) and HSBC Holdings Plc (HSBA.L) for a respective $94 million and $45 million, which have won preliminary court approval.

Euribor is the euro-denominated equivalent of Libor, a benchmark for setting rates on hundreds of trillions of dollars of credit cards, student loans, mortgages and other debt.

[REUTERS]

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 11505 posts on FORECLOSURE FRAUD.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

Advert

Archives