Diving into the Profits: Seven Banks that Turned the Tables with Libor Rate Manipulation

The Involvement of Deutsche Bank

Deutsche Bank, Germany's largest bank, was also heavily involved in the Libor scandal. In 2015, Deutsche Bank agreed to pay $2.5 billion in fines to regulators in the US and UK for its role in manipulating the Libor rate. The bank's involvement in the scandal was particularly egregious, with evidence suggesting that the manipulation of the Libor rate was a widespread practice within the bank.