FRANKFURT (Reuters) – German regulator BaFin has launched a special probe against four lenders including Deutsche Bank as part of an investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), the Sueddeutsche Zeitung newspaper reported on Monday.
A special probe is the most severe kind of investigation the regulator can launch against a bank.
The German regulator is also investigating Portigon AG, Sueddeutsche Zeitung said, without citing sources. Portigon is what remains following the breakup of the bank that used to be known as WestLB.
Officials at Deutsche Bank and BaFin were not available for comment. Portigon officials were also not available for comment.
The special probes were launched after BaFin had asked for information from all German banks involved in setting Euribor rates, Sueddeutsche said.