Deutsche Bank Puts Traders Who (Allegedly) Took Libor Into Their Own Hands In A Time Out

That’s them up there on the giant logo.

Deutsche Bank has suspended five traders suspected of inappropriate conduct following an internal investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), a source familiar with the matter said on Wednesday. Germany’s flagship lender launched an internal investigation after regulators drew attention to potential involvement of Deutsche Bank staff in a global scam to manipulate benchmark inter-bank lending rates. The traders, who worked on Deutsche Bank’s money market team in Frankfurt, were suspended on Tuesday, the source said. Deutsche Bank, which suspended two traders last year for involvement in the manipulation of Libor (London interbank offered rate), would not say how many traders were suspended. It added that no current or former board members have been implicated…Libor is just one of a raft of legal problems haunting Deutsche. It faces lawsuits accusing the bank of misleading investors about the quality of risky residential mortgage-backed securities, and it saw senior executives drawn into a widening tax evasion probe linked to carbon trading following a raid on its headquarters.

Exclusive: Deutsche Bank suspends traders over Euribor [Reuters]

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14 Responses to “Deutsche Bank Puts Traders Who (Allegedly) Took Libor Into Their Own Hands In A Time Out”

  1. Old Management says:

    Problem with the germans is the chicks tend to have tatas on the smaller side. Doing a little breading with the Polish would help in that department. Still got the blonde locks but the bust is bigger.

  2. guest says:

    What is this? A center for ants?

  3. Mugatu says:

    It's a school for kids who can't read so good.

  4. guest says:

    Slightly off point, but I always wondered about that logo. Maybe it's like a frame and inside the frame they put a precious corporate relic, the piece of the swastika they were allowed to keep after WWII?

  5. Guest says:

    Hey Bess, did it take you all day to come up with those 8 words?

    – J. Shazar

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  7. FKApmco says:

    I googled "history of DB logo" and it took me to a PDF at which was either written in German and translated into English or written by someone who is ESL. Best bit? The logo was the winner of a competition held in 1972. Painter and graphic artist, Anton Stankowski won for his image called the "slash in a square."

    Friggin (sic) brilliant.

  8. The Piddler says:

    ….last time I had a slash in a square I got arrested……