Violation Tracker Individual Record

Company: 
DB Group Services (UK) Limited
Current Parent Company: 
Deutsche Bank
Penalty: 
$150,000,000
Year: 
2017
Date: 
March 28, 2017
Primary Offense: 
interest rate benchmark manipulation
Violation Description: 

DB Group Services (UK) Limited (DBGS), a wholly owned subsidiary of Deutsche Bank AG, was sentenced for its role in manipulating London Interbank Offered Rates (LIBOR) for U.S. Dollar and several other currencies.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Antitrust Division
Civil or Criminal Case: 
criminal
HQ Country of Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.