German Regulator Says Ex-Deutsche Bank CEO Did Not Lie On Libor: FT

Germany's financial watchdog BaFin has cleared Deutsche Bank's former co-chief executive Anshu Jain of lying to the Bundesbank during investigations into interest rate manipulation, the Financial Times reported on Saturday. Citing a copy of a letter seen by the paper, the FT said BaFin President Felix Hufeld had told Jain this month that BaFin considered the "probable" interpretation of the evidence weighed in Jain's favor and that it was dropping that part of its probe into Libor-rigging at...

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