Deutsche bank, which faces allegations that it tried to rig the Libor benchmark interest rate, could settle with US and UK authorities as early as this month, a source familiar with the matter said. The penalties are likely to exceed US$1.5bn, the amount UBS paid in 2012, the source said, adding that negotiations also involved the possibility of a Deutsche UK subsidiary pleading guilty. Deutsche bank executives could also be targeted for discipline, but many of them have already left the bank, the source said.
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