Regulators in New York and London say Deutsche Bank is to pay the US and British authorities a record 2.3-billion-euro fine for interest rate manipulation.<br /><br /> The New York State Department of Financial Services said in a statement the deal will include bank disciplinary measures including sacking and barring from the profession any employees who engaged in misconduct.<br /><br /> Deutsche Bank must also set up an independent monitor to provide oversight and regulation. The seven-year LIBOR investigation has found a number of financial institutions guilty of market-rigging.
