Photo Gallery: LIBOR Scandal Could Cost Deutsche Bank Billions
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Photo Gallery: LIBOR Scandal Could Cost Deutsche Bank Billions

Accusations Against Jain LIBOR Probe Could Cost Deutsche Bank Billions

Deutsche Bank says the benchmark LIBOR rate was rigged by individual rogue traders. But co-CEO Anshu Jain carries some responsibility because he organized the investment banking operation in a way that caused conflicts of interest and allowed the fraud to flourish.
Translated from the German by Paul Cohen