Deutsche Bank, Europe’s biggest investment bank by revenue, will review whether to punish senior employees including Alan Cloete for their roles in the interest-rate rigging scandal, according to a person with knowledge of the matter. Deutsche Bank’s supervisory board will discuss punishments early in the week of Jan. 27, said the person, who asked not to be named as the meeting isn’t public. These include firing or disciplining Cloete — who oversaw traders alleged to have sought to rig benchmark rates — and employees responsible for how the bank dealt with the scandal, the person said. The potential sanctions follow a Jan. 5 report in Der Spiegel that German banking regulator Bafin told Deutsche Bank in August that its management and supervisory boards didn’t adequately investigate and address the alleged rate-rigging. The German news magazine didn’t say where it got the information. [Bloomberg]

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  1. Posted by Short, But Long | January 9, 2014 at 1:46 PM

    Not my Telemundo!

  2. Posted by Jon Shazar | January 9, 2014 at 2:09 PM

    It's amazing how I'm in the maze with Bess I just can't crack her code

  3. Posted by guest | January 9, 2014 at 2:54 PM

    Move them to Jacksonville.

    – Thinking outside the box Quant

  4. Posted by Weenis | January 9, 2014 at 2:57 PM

    Correction: -Thinking outside the box UBS Quant

  5. Posted by Guest | January 9, 2014 at 3:09 PM

    Keep them on. It's good reputational risk….