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CURRENT and former Deutsche Bank employees are reportedly being questioned by the Serious Fraud Office (SFO) in relation to Libor rate-rigging.
The SFO and Deutsche Bank both declined to comment yesterday on a report from Bloomberg.
The report came after the Frankfurt-based bank was fined £1.6 billion earlier this year in settlements with US and British regulators that included a £227 million penalty levied by Britain’s Financial Conduct Authority (FCA).
Deutsche Bank has already fired seven employees over the scandal, although it is understood that no current or former employees have been charged.
The report said that a number of traders had been questioned over the manipulation of the London interbank offered rate (Libor) — the average interest rate for bank-to-bank loans — and its euro counterpart, according to sources.
The FCA said earlier this year that parts of Deutsche Bank had a “deeply ingrained” culture of “generating profits without proper regard to the integrity of the market.”
