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Violation Tracker Individual Record

Company: Deutsche Bank
Current Parent CompanyDeutsche Bank
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $600,000,000
Year: 2015
Date: April 23, 2015
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: interest rate benchmark manipulation
Mega-ScandalBenchmark Manipulation
Violation Description: Deutsche Bank agreed to pay $600 million to the Department of Financial Services, terminate certain employees and install an independent monitor to resolve allegations that it engaged in the manipulation of the benchmark interest rates, including the London Interbank Offered Bank (LIBOR), the Euro Interbank Offered Rate (EURIBOR) and the Euroyen Tokyo Interbank Offered Rate. At the same time, Deutsche Bank resolved a criminal case with the U.S. Justice Department and a civil case with the Commodity Futures Trading Commission.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.