January 28, 2013 9:02 AM GMT
Germany’s top financial regulator is investigating Deutsche Bank and three other lenders into the possible manipulation of one of the world’s most important interbank lending rates Euribor.
Deutsche Bank confirmed to IBTimes UK that has been co-operating with the Federal Financial Supervisory Authority (BaFin) over a number of probes, including another ongoing investigation into the possible rigging of another major interbank lending rate Libor.
“[Since] July 2012 Deutsche Bank has received requests for information from regulators in connection with setting interbank offered rates for various currencies. Deutsche Bank is co-operating with these investigations,” says the spokesperson.
According to a report by German newspaper Sueddeutsche Zeitung, three other lenders are also under a BaFin investigation into the possible rigging of Euribor.