Ex-Deutsche Bank trader pleads guilty in US to Libor manipulation scheme

A former senior trader at Deutsche Bank AG pleaded guilty to engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of global investigations into misconduct at various banks, the US Justice Department said Thursday. 

PHOTO: REUTERS

OCT 9, 20157:10 AM

[NEW YORK] A former senior trader at Deutsche Bank AG pleaded guilty to engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of global investigations into misconduct at various banks, the US Justice Department said Thursday.

Michael Curtler, 43, pleaded guilty in federal court in Manhattan to a conspiracy charge for participating in a scheme to manipulate Libor, which was tied to the profitability of trades that he and others in which he and others had financial interest.

REUTERS