The American investigative authorities thanked a Deutsche Bank whistleblower with a record reward of $ 200 million.
The banker has made a decisive contribution to clearing up the manipulation of the Libor interest rate, as announced by the competent authority of the Commodity Futures Trading Commission (CFTC).
Shortly after the investigation was opened, he provided the authorities with documents that led to direct evidence of misconduct.
In addition, other authorities could then have been involved.
Tim Kanning
Editor in business.
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Lending terms and other financial transactions in the trillions of dollars are based on the Libor reference interest rate.
In the course of the financial crisis it became known that employees of several major banks had illegally agreed for years to influence the interest rate in their favor.
Deutsche Bank alone had to pay fines and fines totaling 2.5 billion dollars in the course of the investigation.
Work is now being carried out on a replacement for the Libor interest rate.
By far the biggest reward so far
The authority gave neither the name of Deutsche Bank nor that of the whistleblower.
In this way she wants to protect her helpers.
Reports from several American media suggest that he is a former employee of Deutsche Bank.
The Bloomberg news agency quotes the lawyer David Kovel, who had pretended to be a representative of a former executive at the bank in the spring.
The bank did not want to comment on the reports.
The CFTC, which is responsible, among other things, for monitoring the derivatives markets, has been paying rewards since 2014 for helping clear up crooked financial transactions.
According to Bloomberg, the largest payment to date was $ 30 million;
so far, the agency has paid a total of $ 300 million.