Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the Federal Financial Supervisory Authority of Germany, accelerated its probe into the alleged role of Deutsche Bank to fix the London interbank offered rate (Libor).
A report by Der Spiegel cited in Reuters said the German regulators have intensified investigations into the Libor benchmark interest rates manipulation scandal to settle a long-running, industry-wide investigation.
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According to the publication, the investigators recently disclosed that critical electronic records were destroyed in early 2012, including telephone conversations that took place around the time that Lehman Bros. collapsed in 2008.
Deutsche Bank says it has extended its full cooperation to regulators and also carried out its own probe into possible manipulation of Libor.
An emailed statement by a spokesman of Deutsche Bank said: "As per current status of investigations, we can say that no current or former member of the management board had any inappropriate involvement."
In May, Bafin said it expects to complete its Libor investigations in the summer.
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