Deutsche Bank’s Christian Bittar, one of the firm’s
best-paid traders, lost about 40 million euros ($53 million) in bonuses after
he was fired for trying to rig interest rates, three people with knowledge of
the move said.
The lender dismissed Bittar in December 2011, claiming he
colluded with a Barclays Plc (BARC) trader to manipulate rates and boost the
value of his trades in 2006 and 2007, said the people, who requested anonymity
because they weren’t authorized to speak publicly. His attempts to rig the euro
interbank offered rate and similar efforts by derivatives trader Guillaume
Adolph over yen Libor are the focus of the bank’s probe, the people told Bloomberg…..
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