Andreas Hauschild, a former managing director at Deutsche Bank, was found not guilty of manipulating the Euro Interbank Offered Rate. Andreas Hauschild, a former managing director at Deutsche Bank, was found not guilty of manipulating the Euro Interbank Offered Rate. Photo: Simon Dawson/Bloomberg NewsA former Deutsche Bank AG trader was cleared by a London court of charges related to the rigging of a key European interbank-lending rate. Andreas Hauschild, a former managing director at Deutsche Bank, was found not guilty of manipulating the Euro Interbank Offered Rate, or Euribor, at Southwark Crown Court, the U.K.’s Serious Fraud Office said on Thursday. The U.K. agency charged Mr. Hauschild with conspiring to defraud Euribor in 2015, but the former Deutsche Bank trader didn’t face the charges in court until after his arrest in Italy and extradition to the U.K. last year.

Source: Wall Street Journal July 05, 2019 19:07 UTC