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德意志银行将支付25亿美元罚金和解Libor操纵指控

贸易金融联盟

2015-05-05

导读：　　德意志银行被勒令支付创纪录的25亿美元罚金，并解雇七名员工，以和解美英对其操纵Libor的调查。　　据彭

　　德意志银行被勒令支付创纪录的25亿美元罚金，并解雇七名员工，以和解美英对其操纵Libor的调查。

　　据彭博社报道，纽约州金融服务厅（DFS）周四发布的公告显示，德意志银行必须解雇参与不当行为的六名伦敦员工和一名法兰克福员工。虽然公告没有列出这七人的名字，但称一人是董事总经理、四人是董事、两人是副总裁。德意志银行的一个英国子公司也同意就电信欺诈指控认罪。

　　德意志银行的罚款是利率操纵丑闻爆发以来最高额罚款，超过了瑞银此前的罚款金额。之前三年中，德意志银行已经在法律诉讼方面花去了71亿欧元（76亿美元）。该公司依然面临汇率调查、抵押贷款支持证券和资产支持证券交易调查、违反美国制裁法令调查等相关的法律问题。

以上来源界面

附英文

Deutsche Bank AG paid a record $2.5 billion penalty to settle U.S. and British allegations that it manipulated interest rates, wrapping up a years-long investigation that was delayed by the German bank’s lack of cooperation with government authorities.

As part of Thursday’s settlement, a Deutsche Bank unit in London pleaded guilty to U.S. Justice Department criminal charges. The Frankfurt-based bank acknowledged that for years it prioritized profits over proper rules and that, even after government investigations were well under way, it failed to adequately police employees who were involved with the London interbank offered rate, or Libor, and similar widely used benchmarks. Its shares closed down 0.1% in Frankfurt on Thursday at €31.41 ($33.69).

Deutsche Bank, which in 2013 paid nearly $1 billion to resolve a European antitrust investigation into Libor, becomes the eighth major global financial institution to settle similar U.S. and British allegations. Its total of about $3.5 billion in penalties is more than double the next-highest penalty, $1.5 billion, paid in late 2012 by UBS AG.

Like other banks, Deutsche Bank was accused of letting employees nudge Libor and other rates up or down slightly to benefit their trading positions. The practice was harmful, authorities say, because Libor and other benchmarks are used to determine interest rates on everything from mortgages to corporate loans to complex financial derivatives.

For years, the practice of manipulating was widespread across the banking industry, but Deutsche Bank appears to have been an especially aggressive participant, with dozens of traders and managers involved, U.S. regulators said. Deutsche Bank didn’t set up a formal policy to prevent similar misconduct until mid-2013, long after authorities had started filing criminal charges against banks and individuals for their roles in the Libor scandal.

Unlike other banks, Deutsche Bank also was criticized for failing to cooperate fully with U.S. and British authorities.

Throughout the investigation, Deutsche Bank executives, including co-Chief Executive Anshu Jain, emphasized that they were fully cooperating with government authorities. Until May 2012, Mr. Jain was the London-based head of Deutsche Bank’s investment bank, the unit where the misconduct occurred.

The U.S. Commodity Futures Trading Commission said Deutsche Bank initially dragged its feet in the investigation, which slowed down the probe’s progress.

The U.K.’s Financial Conduct Authority was harsher, with Georgina Philippou, the agency’s acting director of enforcement, blasting Deutsche Bank for “repeatedly misleading us.”

The British regulator accused Deutsche Bank of lying in 2013 about its supposed inability to hand over a report produced by a German regulator. The FCA said the bank destroyed 482 tapes of recorded phone calls after it was instructed to preserve evidence related to the investigation. And Deutsche Bank provided false information to the FCA about whether certain other records existed.

Deutsche Bank in a statement apologized for its misconduct, including failing to adequately cooperate with regulators. The bank said it has taken steps to improve its internal systems to avoid similar problems in the future. It noted that no senior executives or board members were involved in or aware of wrongdoing.

No Deutsche Bank employees were singled out by name in Thursday’s settlement. New York banking regulator Benjamin Lawsky, as part of his $600 million settlement with the bank, said Deutsche Bank needs to take steps to fire seven employees, including one unidentified managing director in the bank’s London office.

While Thursday’s $2.5 billion in penalties represents the biggest punishment meted out so far in the seven-year Libor investigation, it isn’t likely to inflict severe damage on Deutsche Bank. The bank said Wednesday that its first-quarter profits would be dented by setting aside EUR1.5 billion to cover related expenses but that it is likely to remain profitable.

The unit of Deutsche Bank that was charged by the U.S. Justice Department—DB Group Services (UK) Ltd.--is relatively obscure, and its guilty plea therefore is unlikely to have a significant effect on Deutsche Bank’s overall business. U.S. prosecutors said the London unit employed many of the dozens of Deutsche Bank derivatives traders and Libor submitters who were involved in misconduct.

Some experts criticized prosecutors for not pursuing high-ranking officials at the bank.

“If senior executives like board members were not directly involved but responsible, they should go to jail,” said David Pereiz, partner with the New York law firm Reisman, Peirez, Reisman and Capobianco. Otherwise the misconduct is “never going to stop.”

U.S. authorities are still investigating separate allegations that Deutsche Bank was involved in efforts to manipulate foreign-exchange markets. People familiar with the matter say the bank is likely to face an even higher fine than for the Libor case. Deutsche Bank is also being probed for alleged violations of U.S. sanctions on Iran and other countries.

By Eyk Henning and David Enrich.

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