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Deutsche Bank Denies Bribes, Kickback Claims At €840M Trial

Law360, London (May 9, 2019, 3:36 PM BST) -- A lawyer for Deutsche Bank told a London court on Thursday that the lender did not bribe the former treasury manager of a housing association to secure interest rate swaps trades that led to €840 million ($940 million) in losses for the property provider.

Deutsche Bank has denied claims at a London court that it used bribes to secure interest rate swaps trades as an €840 million ($940 million) trial continues. (AP) Robin Dicker QC said during his opening statements in the trial that the bank also did not know that a third-party intermediary was giving the former manager kickbacks.

The lawyer told the...

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