Civil Litigation
Oct. 26, 2017
Deutsche Bank settles California, NY complaint over interest rate conspiracy
California will get $29 million as part of a 45-state settlement with Deutsche Bank announced Wednesday.
California will get $29 million as part of a 45-state settlement with Deutsche Bank announced Wednesday.
The $220 million deal was led by California and New York. The bank admitted traders conspired to manipulate a key interest rate, the London Interbank Offered Rate or LIBOR, between 2005 and 2009.
“During the financial crisis, Deutsche Bank was consumed with increasing its profits at the expens...
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