Attorney General Becerra Announces $220 Million Multistate Settlement with Deutsche Bank for Manipulating Key Interest Rate

October 25, 2017Contact: (415) 703-5837, agpressoffice@doj.ca.govLIBOR manipulation hurt government and non-profit organizations in California and across the country 
SACRAMENTO – California Attorney General Xavier Becerra today announced a $220 million multistate settlement with Deutsche Bank for fraudulent conduct involving the manipulation of the London Interbank Offered Rate (LIBOR). LIBOR is the rate at which banks lend money to one another. It is a key financial tool t