Deutsche Bank to Credit Investors $170 Million in Settlement

[kreslik.news]

Deutsche Bank will be paying $170 million following an investor lawsuit settlement, in which the financial entity was accused of conspiracy to rig the Euribor, the benchmark European Interbank Offered Rate, and related derivatives. The preliminary settlement currently awaits a judge’s approval after the document was filed at the U.S. District Court in Manhattan on Monday.

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Deutsche Bank is accompanied by HBSC and Barclays Plc, which have been named as the two other accused entities involved in the alleged fraud. Barclays Plc and HSBC will credit investors $94 million and $45 million respectively, according ... (read more)