More and more traders are involved in the international investigation into the Libor scandal for manipulating interbank interest rates.
The investigation has more than a dozen suspects from 9 different banks on its suspect list.
As the investigation proceeds, it is ascertained that these "conspiracies have been going on for several years on an international scale" and that the banks in which the traders under investigation worked are now under increasing pressure to explain what they knew about the manipulation of interest rates.
Many of these small groups of traders that had formed were not part of the alleged collusion involving British bank Barclays, in which traders are believed to have promised bottles of Bollinger as a reward for rate manipulation. The British bank paid a $450 million fine last month after admitting that some traders and bosses tried to rig the London Interbank Offered Rate (Libor).
Among other things, some banks "adjusted" interbank rates during the crisis.
The scandal is involving 16 banks and the former CEO of Barclays, Robert Diamond, who had to resign as CEO of Barclays.
The American and English Courts aim to reach a compromise with another bank by this autumn.
But now the investigators are targeting Deutsche Bank: an internal investigation has revealed that two of its former traders could be involved in the manipulation of interbank interest rates, but the duration and the result that this will give is not yet known. internal investigation.
For now, Deutsche Bank is not available to comment on the internal investigation. But it has nothing to do with the investigation launched by the German authority Bafin, even if the Authority has been informed and updated anyway.
The Bafin investigation began a year ago.
