(Bloomberg) -- Deutsche Bank was ordered to pay a record $2.5 billion fine and fire seven employees to settle U.S. and U.K. investigations into its role in rigging Libor.
Deutsche Bank must terminate six London employees and one in Frankfurt who engaged in wrongful conduct, the New York Department of Financial Services said in a statement Thursday. While the DFS didn’t identify them by name, one is a managing director, four are directors and two vice presidents. A U.K. unit agreed to plead guilty to a wire-fraud charge as well.
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