Slaughters and Paul Weiss advise Deutsche Bank as it is hit with $2.5bn fine
Bank is heavily sanctioned for its part in Libor rate-fixing scandal and misleading the regulator
April 23, 2015 at 10:35 AM
2 minute read
Slaughter and May, Paul Weiss Rifkind Wharton & Garrison and Hengeler Mueller have advised Deutsche Bank as it was hit with a record $2.5bn (£1.7bn) fine for its part in the Libor manipulation scandal.
The bank was fined by US and UK regulators today after they found staff had manipulated the Libor base exchange rate and other exchange rates.
Deutsche will have to pay $2.2bn (£1.5bn) to US regulators and £227m ($340m) to the UK's Financial Conduct Authority (FCA).
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