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Deutsche Bank pays $220m to settle US Libor claim

The German bank's payment will be distributed to those holding its contracts across 45 states

Wednesday 25 October 2017 at 17:10

Deutsche Bank pays $220m to settle US Libor claim
Photo: Getty Images

Deutsche Bank has agreed a $220m settlement with 45 US states over what is claimed was fraudulent conduct involving the manipulation of the US dollar London interbank offered rate and other benchmark interest rates.

The settlement was announced by New York Attorney General Eric Schneiderman late Wednesday.