Ex-Deutsche Banker Helped Rig Euribor For Profit, SFO Says

Law360, London (June 11, 2019, 4:05 PM BST) -- A former Deutsche Bank trader conspired with other bankers to rig key benchmark interest rates to rip off the bank's trading partners by gaining a dishonest edge on huge financial deals, Serious Fraud Office prosecutors told a London jury on Tuesday.

Andreas Hauschild abused his position at Deutsche Bank to submit false rates that undermined the integrity of the Euribor rate to line his pockets, the crown court jury was told. (AP) SFO attorney James Waddington QC said former Deutsche Bank AG managing director Andreas Hauschild abused his position at the bank to submit false and misleading rates that undermined the...

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