banking giant deutsche bank will pay $ 2.5 billion in fines for its role in a vast multi-year conspiracy to rig libor interest rates , us and british authorities on thursday .
the case centers on charges that deutsche bank derivatives traders manipulated the london interbank offered rate , used to peg millions of interest rate-sensitive contracts and loans around the world , from at least 2003-2011 to boost their trading positions .
under the deferred prosecution agreement , deutsche bank co-chief executives jurgen fitschen has expressed regret for the rigging , adding that no current .