Former Deutsche Bank trader extradited to UK on rate rigging charge

Former Deutsche Bank trader extradited to UK on rate rigging charge

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A former senior Deutsche Bank trader has been extradited to the UK to face charges of manipulating a key lending rate. Andreas Hauschild is accused of trying to influence Euribor – the European Interbank Offered Rate – following an investigation by the UK’s Serious Fraud Office (SFO).

He appeared at Westminster Magistrates Court on Saturday. Hauschild was arrested in Italy in August 2018 after a trip to the country activated a European Arrest Warrant secured by the SFO in February 2016. Extradition was initially refused by the German courts but granted by the Italian authorities during a hearing on October 12. His next court appearance will be at Southwark Crown Court on October 24.

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