Bloomberg News

Bafin Conducting Deutsche Bank Probe Over Libor, Reuters Says

July 06, 2012

Bafin, Germany’s financial regulator, is conducting an investigation into alleged manipulation of Libor rates that includes Deutsche Bank AG (DBK), Reuters reported, citing unidentified people familiar with the matter.

Deutsche Bank declined to comment specifically to Bloomberg News on a Bafin probe, and referred to its quarterly report in which it said bodies including the U.S. Department of Justice, the Securities and Exchange Commission, the Commodity Futures Trading Commission and the European Commission had requested or subpoenaed information from Deutsche Bank.

Requests relate to periods between 2005 and 2011, the bank said at the time, adding that it’s cooperating with the inquiries.

Bafin declined to comment to Bloomberg News, while acknowledging to Reuters it is looking at alleged manipulation of Libor rates.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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