A Deutsche Bank logo at the company's headquarters in Frankfurt, Germany June 9, 2015. REUTERS/Ralph Orlowski
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Arjan Greeven, a middleman who helped arrange trades between the bank and Vestia, an affordable-housing provider, testified Wednesday at a London trial where Vestia is suing Deutsche Bank in a bid to recoup some of the money it lost on derivatives trades.The bank agreed to pay Greeven a fee every time it entered into a trade with Vestia, he said, and he shared those fees with Marcel De Vries, Vestia's treasury and control manager.Greeven has confessed to bribing De Vries, who was in charge of Vestia's derivatives trading. Deutsche Bank paid 3.5 million euros in fees to Greeven's company First in Finance Alternatives, Vestia said in its filings, and that money was split "roughly 50:50" between Greeven and De Vries.
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