Tag: Deutsche Bank
The payout settles charges that the Swiss bank manipulated interest rate benchmark during the 2008 financial crisis.
CEO Christian Ewing blames low returns, high costs for ‘deep cuts.’
Violators agree to return more than $125 million to clients.
Eurozone rates on hold for now, after central bank ends bond-buying program.
Citigroup’s von Moltke to join the firm in July, and lead intensive cost-cutting efforts.