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Deutsche Bank on brink of biggest ever Libor-rigging fine
04-10-2015, 02:13 PM (This post was last modified: 04-10-2015 02:14 PM by Thinker.)
Post: #1
Deutsche Bank on brink of biggest ever Libor-rigging fine
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German financial giant set to exceed $1.5bn paid by UBS over rigging of interest rate benchmark. Deutsche Bank is close to agreeing a record fine of more than $1.5bn (£1bn) over manipulating Libor, with the German financial giant also expected to plead guilty to fraud in the UK. The bank will be one of the last to pay out in the Libor-rigging scandal, which emerged almost three years ago when Barclays blew the whistle on rigging rates.

The Financial Conduct Authority in London, as well as US regulators, are close to agreeing a fine with Deutsche Bank, which will be the biggest-ever bill for Libor. According to the New York Times, the fee will be bigger than the $1.5bn UBS paid to UK, US and Swiss authorities at the end of 2012. Additionally, one of Deutsche Bank's British subsidiaries has been told to plead guilty to fraud as part of the deal, the most significant criminal guilty plea in the scandal.
http://www.telegraph.co.uk/finance/libor...-fine.html

Deutsche Bank Central: "buying gold from citizens would liberate dormant liquidity"
Although gold market operators are currently preoccupied with the prospect of the SNB finding itself obliged by referendum to buy large quantities of bullion, another central bank raised the same possibility yesterday: the ECB. As odd as it sounds, given the contentious internal debate this year over asset purchases in general, ECB board member, Yves Mersch, reminded journalists that the Bank could in theory buy any asset within a QE program.
http://www.realistnews.net/Thread-deutsc...tsche+Bank

Thinker, proud member of Realist News since Nov 2013.
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04-10-2015, 03:03 PM
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U.S. history is clear, we ALWAYS default through inflation
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Government “Plunge Protection” has gone too far! U.S. history is clear, we ALWAYS default through inflation - Establishment control of prices destroys true market value.
http://investmentwatchblog.com/u-s-histo...inflation/

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