The German Banking regulator BankFin made a statement today confirming that it had found no evidence of German bank involvement in last year’s Libor scandal. The regulator said it could no find evidence tying Deutsche Bank AG (NYSE:DB) (ETR:DBK) and its contemporaries to the rate fixing scandal, and said that the scandal was probably the work of individual traders, rather than a concerted efforts by banking institutions. The Libor scandal erupted last year when information emerged that London banks in charge of the base interest rate had been manipulating it in order to profit from trades. The investigation of the scandal extended…
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