Deutsche Bank fined almost $10m by German finance watchdog

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Germany’s finance watchdog fined the bank over its handling of submissions for Euribor

Germany’s finance watchdog fined Deutsche Bank over its handling of submissions for Euribor, a reference rate at the heart of a scandal that rocked the industry. Picture: BLOOMBERG

The lender temporarily didn’t have effective systems and controls for contributions to the benchmark, BaFin, said in a statement.

 

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