Global Investigations Review - The law and practice of international investigations

Ex-Deutsche Bank trader only refused to manipulate Euribor if it conflicted with his own interests, court hears

By James Thomas

11 June 2019

Ex-Deutsche Bank trader only refused to manipulate Euribor if it conflicted with his own interests, court hears Deutsche Bank twin towers in Frankfurt (Credit: commons.wikimedia.org/Markus Bernet)

A former managing director at Deutsche Bank in Frankfurt was part of a cross-bank scheme to manipulate Euribor interest rates to “game the financial system” and “line his own pockets”, prosecutors have said.