News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Regulation

Deutsche Bank didn’t keep chats tied to Libor probe

Bank says data loss was due to software glitch, as New York regulator probes whether loss affects Libor settlement

Deutsche Bank didn’t keep chats tied to Libor probe

A month after reaching a $2.5 billion settlement over interest rate rigging, Deutsche Bank told regulators its disclosures may have been incomplete because it accidentally failed to archive electronic chats involving its employees, people familiar with the matter said.

The bank is working to recover the records from its systems but might have permanently lost an unknown number of chats dating back to 2005, the people said.

WSJ Logo