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Deutsche Bank scores wins in Spanish courts on Euribor cartel damage claims

By Tono Gil ( September 16, 2022, 16:11 GMT | Insight) -- Deutsche Bank and other banks involved in an EU-wide Euribor cartel can sigh with relief, after a spate of recent rejections of Spanish follow-on actions seeking compensation over the alleged artificial increase in mortgage rates. Despite initial contradicting rulings in the country, with national courts split between orders to offer compensation and dismissals, second-instance courts have so far sided with the cartelists.Deutsche Bank and other banks involved in an EU-wide Euribor cartel can sigh with relief, after a spate of recent rejections of Spanish follow-on actions seeking compensation over the alleged artificial increase in mortgage rates....

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