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Deutsche Bank Error Said to Lose Chat Logs Sought in Libor Probe
Deutsche Bank AG is seeking to recover internal electronic chat transcripts that were left out of disclosures to regulators during a probe into interest-rate rigging, according to people briefed on the matter. The lender told regulators in May that a software glitch caused one of its chat systems to fail to archive files as far back as 2005, according to the people, who asked not to be identified because the recovery process isn’t complete. The New York Department of Financial Services, the state’s banking regulator, is investigating the matter, one of the people said. Deutsche Bank in April agreed to $2.5 ... (full story)
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