Deutsche Bank will as soon as Thursday announce a settlement of more than €2 billion ($2.15 billion) with regulatory authorities in the US and Britain in response to charges its employees tried to manipulate interest rates, according to people familiar with the issue.

In preparation for the record fine, Deutsche Bank said on Wednesday it expected to book litigation costs of some €1.5 billion in the first quarter when it announces results next week. Germany's largest lender said it would also announce "near record revenues" and a profit for the first quarter. Litigation costs will dent profits, the bank said.