Now Deutsche Bank In the Centre Of The LIBOR Scandal

Amid the LIBOR rigging scandal, attention is zeroing in on Germany’s Deutsche Bank AG (ETR:DBK) (NYSE:DB) (FRA:DBK). Analysts from Morgan Stanley (NYSE:MS) have assessed the potential penalty for banks accused of manipulating the interest rate, concluding that Deutsche would have to pay the highest cost – up to 1.04 billion Dollars. The calculation is very speculative, especially against the backdrop that Deutsche will receive the status of a prosecution witness, according to media reports. Its cooperation in the investigation of the scandal will probably allow it to escape with a lighter penalty. On Sunday, the German weekly Der Spiegel reported that the bank’s application…