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April 24, 2015

Deutsche Bank to Pay $2.5 Billion in Rate-Rigging Case 
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Deutsche Bank has become the latest financial firm to settle accusations
it rigged a key global interest rate used to set the value of trillions
of dollars in investments. The bank agreed to pay $2.5 billion under the
settlement with U.S. and British regulators, and accept a criminal
guilty plea for a British subsidiary. No one at the bank has been
charged with a crime.

 

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