Ex-Deutsche Bank Trader Pleads Not Guilty in Libor Case

  • Gavin Black waived extradition in U.S. benchmark rigging case
  • Black charged by U.S. in June with manipulating Libor

A former London-based Deutsche Bank AG trader pleaded not guilty Thursday to U.S. charges he manipulated a benchmark interest rate that is not only tied to trillions of dollars in securities and loans but is also the focus of government investigations worldwide into bank misconduct.

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