Deutsche Bank to pay 725 million euro of penalties to EU

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Source: Bloomberg
Deutsche Bank AG, the largest bank in Germany, is one among six European financial institutions that will have to pay penalties to the EU, as they tried to manipulate with Euribor and Libor interbank rates to hidden its real costs of borrowing. DB, in turn, will pay around 725 million euros. Today, Deutsche Bank AG shares are trading down 1.2% to 34.10 euros by 15:15 GMT in Frankfurt.
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