Reuters reported this afternoon that Deutsche Bank is next in a string of investigations into the Libor rate manipulation scandal that ousted Barclay’s CEO Bob Diamond earlier this month.
And the markets are already noticing. Shares dropped a little before 11:30 AM (see below).
The investigation into Deutsche will be conducted by the German markets regulator BaFin, which will release results later this month.
A spokesman from BaFin had this to say: “We are making use of our entire spectrum of regulatory instruments, so far as this is necessary.”
We can’t help but wonder, who’s next?