This Is the Trader Behind Some of Deutsche Bank's Most Embarrassing Messages
Deutsche Bank Must Fire 7 Employees, Pay $2.5B Fine
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Among the Deutsche Bank AG traders whose e-mails were made public when the lender was fined a record $2.5 billion for rigging Libor, one stands out.
Identified only as Trader Three by the U.S. Department of Justice, he was Deutsche Bank’s most profitable derivatives trader, earning a bonus of almost 90 million pounds ($136 million) in 2008 alone. He was responsible for the majority of the requests for skewed Euribor submissions, the U.S. Commodity Futures Trading Commission said Thursday.