financial crisis. the past is catching up to do it to bank again the german lender had hoped the euro bourses candle was over allegations of rigging the average interbank interest rate has already cost deutsche bank billions of dollars in penalties in the u.s. u.k. and in the e.u. in the last two years that some traders involved are going on trial is throwing the bank back into the spotlight deutsche bank is one of the banks that set the europe or rate that rate is calculated by the european money market institute in brussels twenty banks from all over europe send their daily interest rates to the e m m i the institute calculates the weighted average of these rates to produce euro bore this interbank lending rate applies to all european banks past cases of manipulation often involve the banks consulting one another before disclosing their rate to the e.m.m. i to nudge your abor up or down because you re a bore underpins trading in various financial products that represent billions of