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Deutsche Bank Must Give Fired Euribor Traders Same Jobs

Deutsche Bank AG was ordered to give four traders fired in a rate-rigging investigation their exact jobs back while a court is hearing an appeals bid by the lender over the issue.

The lender must pay a penalty equal to the men’s monthly salary unless it reinstates them in their original positions, Frankfurt Labor Appeals Court spokesman Wolfram Henkel said in an interview today. The money would go to the state budget and is intended to make Deutsche Bank comply with a lower court ruling that said the lender had no right to fire the men.