Thursday, January 10, 2013

Major Bank Made $650 Million Betting On Rigged Interest Rate

Major Bank Made $650 Million Betting On Rigged Interest Rate: Deutsche Bank, like many major banks on both sides of the Atlantic, is under investigation for manipulating the LIBOR interest rate, which governs financial transactions the world over. German officials are “conducting a so-called special probe — the most severe form of investigation it can undertake — into Deutsche Bank as part of a broader [...]/p