article_snippet.sent: Deutsche Bank Deutsche Bank will pay $2.5 billion in fines for Deutsche Bank role in a vast multi-year conspiracy to rig LIBOR interest rates, US and British authorities said on Thursday. '
article_snippet.sent: Deutsche Bank secretly conspired with Deutsche Bank competitors to rig the benchmark interest rates at the heart of the global financial system,' said US Assistant Attorney General Bill Baer.
article_snippet.sent: Deutsche Bank misconduct not only harmed Deutsche Bank unsuspecting counterparties, Deutsche Bank undermined the integrity and the competitiveness of financial markets everywhere.'
article_snippet.sent: Deutsche Bank Deutsche Bank will pay $2.5 billion in fines for Deutsche Bank role in a vast multi-year conspiracy to rig LIBOR interest rates, US and British authorities said on Thursday .
article_snippet.sent: The case centers on charges that Deutsche Bank derivatives traders manipulated the London InterBank Offered Rate, used to peg millions of interest rate-sensitive contracts and loans around the world, from at least 2003-2011 to boost Deutsche Bank derivatives traders trading positions.
article_snippet.sent: Under the deferred prosecution agreement,  Deutsche Bank agreed to plead guilty to a US charge of wire fraud, a criminal offense, in connection with the scam and admitted participating in price-fixing conspiracy with other banks.
article_snippet.sent: Deutsche Bank employees defrauded counterparties in emails, telephone calls and electronic chats, the US said.
article_snippet.sent: The $2.5 billion fine is a record for interest-rate manipulation.
article_snippet.sent: Deutsche Bank will pay $775 million in penalties to the Justice Department, $800 million to the US Commodity Futures Trading Commission, $600 million to the New York Department of Financial Services and $344 million to Britain's Financial Conduct Authority.
article_snippet.sent: the deferred prosecution agreement allows Deutsche Bank to keep Deutsche Bank operating license in the United States.
article_snippet.sent: the Justice Department said the penalty reflected that Deutsche Bank cooperation with the probe 'was often helpful but also fell short in some important respects.'
article_snippet.sent: Deutsche Bank said Deutsche Bank would book an additional charge of $1.6 billion in the first quarter for LIBOR and 'other matters'.
highlights_snippet.sent: German banking giant has been fined for German banking giant role in a vast multi-year conspiracy to rig LIBOR interest rates .
  
highlights_snippet.sent: Deutsche Bank employees defrauded counterparties in emails, telephone calls and electronic chats .
  
highlights_snippet.sent: Settlement agreement allows Deutsche Bank to keep Deutsche Bank operating license in the United States .
  