Deutsche Bank could settle Libor probe this month – source

(Reuters) – Deutsche Bank AG (>> Deutsche Bank AG), which faces allegations that it tried to rig the Libor benchmark interest rate, could settle with U.S. and UK authorities as early as this month, a source familiar with the matter said.

The penalties are likely to exceed $1.5 billion (1 billion pounds), the amount UBS Group AG (>> UBS Group AG) paid in 2012, the source said.

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