Deutsche Bank trader to face Libor charges

Deutsche Bank London

A former Deutsche Bank trader must face Libor-rigging charges as a judge turned aside his claim that his compelled testimony to U.K. investigators fatally tainted the U.S. criminal case.

Bloomberg News reports that Gavin Black is scheduled to go on trial June 18 with Matthew Connolly, a former Deutsche Bank supervisor in New York. They’re charged with plotting to provide false Libor submissions to rig the benchmark rate underlying trillions of dollars of loans and other financial products.

U.S. District Judge Colleen McMahon in Manhattan didn’t publish her decision Wednesday, instead instructing prosecutors to "explain to the court how it intends to shield the trial team" from the document. She ordered it filed under seal.

Hit the link below to access the complete Bloomberg News article:

Judge Orders Ex-Deutsche Bank Trader to Face Libor Charges

Deutsche Bank Got a Scolding From the Fed

 

 

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