Deutsche Bank’s role in the Libor scandal – Financial relieves Co … – Süddeutsche.de

Deutsche Bank's role in the Libor scandal – Financial relieves Co … – Süddeutsche.de

• The Financial BaFin relieves the German bank co-chief Anshu Jain of serious allegations of Interest manipulation – which reports the Reuters .
• The manager was working up the Libor affair apparently not hindered.
• The BaFin will therefore “take serious measures” no, it’s in a final report to the Authority.

BaFin relieved German bank chief in the interest scandal

The Financial BaFin relieves the German bank co-chief Anshu Jain of charges of complicity in the interest scandal – which reports the Handelsblatt citing financial circles.

The BaFin come after two years of testing in its final report to the conclusion that there was no evidence that Deutsche Bank boards in the so-called “Libor affair” were involved in rate-fixing or knew of them, the newspaper reported. The BaFin will therefore not take any serious measures, such as dismissal from his post Jains found.

No incriminating evidence

The BaFin did not yet comment on the report. Recently there had been no new evidence in the case. In summer, it had been talk that the BaFin have found nothing incriminating against the management. Worldwide examiner went suspected after that individual traders of big banks to reference interest rates as Libor and Euribor have screwed to trade to pocket profits.