Deutsche Bank AG (DB): Gavin Black, a former Deutsche Bank trad...

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Tuesday, 08/20/2024 7:26:22 AM

Tuesday, August 20, 2024 7:26:22 AM

Gavin Black, a former Deutsche Bank trader, settled a $30 million lawsuit against the bank, claiming his career was ruined after being falsely implicated in the manipulation of the London Interbank Offered Rate (Libor). Black, whose conviction was overturned in 2022, accused the bank of scapegoating him to reduce its legal liabilities. Shares fell 0.1% in pre-market trading.

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