Photo Gallery: LIBOR Scandal Could Cost Deutsche Bank Billions
02/04/2013
Anshu Jain headed Deutsche Bank's investment banking operation before he became...
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Anshu Jain headed Deutsche Bank's investment banking operation before he became co-chief executive last year. Insiders have leveled serious allegations against Jain. They say he may not have known that staff members in his division colluded with a number of other banks to influence LIBOR rates. But he was well aware of the conflicts of interest faced by his bank's money market traders, who were involved in establishing the LIBOR interest rates -- and who also bet enormous sums of money on the movement of these rates.