(Kitco News) – UK-based financial regulators are fining banks for misconduct, giving out its largest LIBOR-related fine Thursday to German-based Deutsche Bank.
“The Financial Conduct Authority (FCA) has handed Deutsche Bank AG (Deutsche Bank) a £227 million ($340 million) fine, its largest ever for LIBOR and EURIBOR-related (collectively known as IBOR) misconduct,” they said in a press release Thursday.
