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Deutsche Bank AG : Deutsche Bank's Jain Won't Be Sanctioned in Libor Case -Report

02/23/2013 | 08:44am US/Eastern

Deutsche Bank AG (DB) Co-Chief Executive Anshu Jain likely won't be sanctioned for the German bank's alleged transmitting of false interest rates that were used for calculating the Libor rate for interbank lending, Welt am Sonntag reports in a prerelease of an article to be published Sunday.

A dismissal of Mr. Jain is not on the cards, the newspaper reports.

Deutsche Bank declined to comment on the report when contacted by Dow Jones. German bank watchdog Bundesanstalt fuer Finanzdienstleistungsaufsicht wasn't immediately available to comment.

Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

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