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Company: DB Group Services (UK) Limited
Current Parent Company:
Deutsche Bank
Parent at the Time of the Penalty Announcement:
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Penalty: $150,000,000
Year: 2017
Date: March 28, 2017
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: interest rate benchmark manipulation
Mega-Scandal:
Benchmark Manipulation
Violation Description: DB Group Services (UK) Limited (DBGS), a wholly owned subsidiary of Deutsche Bank AG, was sentenced for its role in manipulating London Interbank Offered Rates (LIBOR) for U.S. Dollar and several other currencies.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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