Euribor probe at Deutsche

City A.M. Reporter
DEUTSCHE Bank is believed to have suspended five traders over its ongoing internal investigation into Euribor manipulation.

The German lender suspended two others late last year for involvement in Libor rigging.

“Upon discovering that certain employees acted inappropriately, we have suspended or dismissed employees, clawed back unvested compensation, and will continue to do so as we complete our investigation,” it said at the time.

The traders worked on Deutsche Bank’s money market team in Frankfurt.