Risk 25 firms of the future: Deutsche Bank

Difficult choices ahead

Colin Fan
Colin Fan, Deutsche Bank

Banks are still reeling from the revelation last month that staff at Barclays lied about the bank’s borrowing costs in an attempt to manipulate Libor and Euribor benchmark rates – behaviour that resulted in a roughly $450 million settlement with the Commodity Futures Trading Commission, US Department of Justice and UK Financial Services Authority. Regulators across the globe are probing more than a dozen dealers for similar offences, and further fines are thought to be imminent.

Deutsche Bank is

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