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Deutsche Bank in Libor settlement rumours

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Deutsche Bank in Libor settlement rumours

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Deutsche Bank, facing allegations that it attempted to manipulate the Libor benchmark interest rate, is expected to settle with authorities in the UK and US later this month.

The amount due is rumored to be above the €1.4bn euros paid by UBS in 2012.

Germany’s largest bank is also under investigation in the US for other alleged malpractice, including the rigging of emerging markets currency rates.

US authorities have yet to confirm if a deal has been agreed.