Honesty pays £145m

A FORMER Deutsche Bank employee who blew the whistle on Libor-rigging has been handed £145m by US regulators.

The Commodity Futures Trading Commission (CFTC) said the record payment was made to the unnamed whistleblower for ‘credible information’ that contributed to investigations by the authorities in the US and UK. Libor, a benchmark for lending between banks, was tainted in 2012, when traders were found to be fixing it.