BaFin probes Deutsche Bank over Euribor

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, Sueddeutsche Zeitung said, without citing sources. Portigon is what remains following the breakup of the bank that used to be known as WestLB.

via Business feed http://www.scmp.com/business/banking-finance/article/1137883/bafin-probes-deutsche-bank-over-euribor