• 06 Feb 2013 at 1:48 PM

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

By

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]

Comments (14)

  1. 1
    Posted by Old Management | February 6, 2013 at 3:07 PM

    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. 2
    Posted by guest | February 6, 2013 at 3:14 PM

    wow.

  3. 3
    Posted by guest | February 6, 2013 at 3:14 PM

    What is this? A center for ants?

  4. 4
    Posted by Mugatu | February 6, 2013 at 3:20 PM

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

  5. 5
    Posted by guest | February 6, 2013 at 3:42 PM

    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?

  6. 6
    Posted by Guest | February 6, 2013 at 3:49 PM

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

    – J. Shazar

  7. 7
    Posted by PermaGuestII | February 6, 2013 at 3:52 PM

    Treffen Sie uns auf Minettas.

    -die Spinne

  8. 8
    Posted by Guest | February 6, 2013 at 4:01 PM

    Germans and eugenics. What could go wrong?

  9. 9
    Posted by academia research | February 6, 2013 at 4:13 PM

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  10. 10
    Posted by Deleveraging | February 6, 2013 at 4:22 PM

    I always think of the Lebensraum when I see that picture

  11. 11
    Posted by J. Abot Shazar | February 6, 2013 at 4:41 PM

    If you like this author I suggest you explor the writings of Jon Shazar

  12. 12
    Posted by gust | February 6, 2013 at 4:47 PM

    mmmm breading.

    -Chicken Parm Quant

  13. 13
    Posted by FKApmco | February 6, 2013 at 4:50 PM

    I googled "history of DB logo" and it took me to a PDF at DB.com 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.

  14. 14
    Posted by The Piddler | February 7, 2013 at 11:15 AM

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