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German regulator ends Deutsche Bank probes over price fixing
By Arno Schuetze and Jonathan Gould
Thursday, February 25, 2016
FRANKFURT, Germany -- Germany's financial regulator will take no further action against Deutsche Bank over alleged interest rate rigging and precious metals price fixing, the country's largest lender said on Thursday.
The watchdog, Bafin, has also drawn a line under a special audit into a derivatives trade with Italy's Monte dei Paschi, Deutsche said in a statement.
Bafin confirmed it had closed the special audits but declined to comment on details.
"Bafin does not see the need to take further action against the bank or former and current members of the management board with respect to the closed special audits," Deutsche said, adding the regulator cited changes it had already implemented or planned to redress shortcomings for its decision. ...
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