Shares of Deutsche Bank AG slumped 5.3% in New York trade on Friday
The losses came after Reuters reported, citing two unnamed sources, that Germany's markets regulator BaFin has started a special investigation into Deutsche Bank over the suspected manipulation of interbank lending rates
A spokesperson for the German bank couldn't immediately be reached for comment
The news comes after Barclays PLC recently agreed to pay a fine of more than $450 million to settle a probe into the attempted manipulation of the London interbank offered rate, which is known as Libor
A number of other big banks are being investigated as part of the ongoing cross-border probe into Libor
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