BaFin finds no evidence German banks manipulated rates

04/29/2013 | Reuters · Wall Street Journal, The

BaFin's yearlong investigation into alleged manipulation of benchmark interest rates, including the London Interbank Offered Rate, has found no evidence that German banks systemically rigged such rates. "At present, our findings indicate these were the actions of individual traders," said Raimund Roeseler, head of banking supervision at the German regulator. "So far, we haven't found any evidence of systematic crime involving management board members."

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Reuters · Wall Street Journal, The

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