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Former Deutsche Bank executive denies helping Bittar rig Euribor
A former Deutsche Bank managing director, charged with manipulating global Euribor interest rates, on Tuesday denied helping convicted trader Christian Bittar and said any assistance his team gave his former colleague was inappropriate. Andreas Hauschild, who ran the bank’s Frankfurt team responsible for rate submissions, told Southwark Crown Court he was unaware of such conversations in 2005 and that it was inappropriate to request rates to suit trading positions. “This is not what you do ... it is not proper,” the 54-year-old German said on his first full day in the witness box. He said he first saw ... (full story)