The comments come after German magazine
WirstschaftWoche reported at the weekend that Deutsche Bank's
internal investigation had ended and had found no misconduct by
senior managers, citing high-placed sources at the bank.
Two sources close to the matter said it was too early to issue
any all-clear signal as investigations both internally at the
bank and by external investigators remained in full swing.
"The Libor investigation at Deutsche Bank is still running,"
said one regulatory source. "There is no end in sight at the
moment. It could go on for months - there is no concrete
Deutsche Bank declined to comment on the report and referred to
a previous statement saying it was cooperating with authorities
as it pursued its own internal probe.
"As per the current status of investigations, we can say that no
current or former member of the Management Board had any
inappropriate involvement in the interbank offered rates matters
under review," a spokesman for the bank said.
A spokesman at German financial regulator Bafin declined to
Regulators are looking into more than a dozen banks and
brokerages over allegations they manipulated benchmark interest
rates such as Libor and Euribor, which are used to price
trillions of dollars of financial products from derivatives to
mortgages and credit card loans.
Germany's largest lender is facing an array of investigations
into the conduct of its employees. A jump in litigation costs
was partly responsible for weak earnings in 2013 and so far this
year, heaping pressure on co-Chief Executives Anshu Jain and
Deutsche Bank has already had to pay over 5 billion euros ($6.9
billion) over the past two years for settlements and fines
stemming mostly from the financial crisis. The bank has set
aside another 1.8 billion euros in anticipation of more pain
(Reporting by Kathrin Jones and Thomas Atkins; Editing by Mark
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.