Day: January 13, 2016

Ribery: Ancelotti wanted me at Chelsea and likes me as a playerRibery: Ancelotti wanted me at Chelsea and likes me as a player

January 13, 2016January 13, 2016

Ribery: Ancelotti wanted me at Chelsea and likes me as a player

Ribery: Ancelotti wanted me at Chelsea and likes me as a player

Bayern Munich winger Franck Ribery is looking forward to working with Carlo Ancelotti next season and has revealed the Italian already attempted to sign him during his time in charge ofChelsea.

Ancelotti will replace Pep Guardiola at the Allianz Arena at the end of the 2015-16 campaign and Ribery has heard nothing but good things about the 56-year-old.

“Ancelotti already wanted to sign me in 2009 when he was with Chelsea. That means he likes me as a player and that is obviously great,” Ribery told Sport Bild.

“I think Ancelotti is a great coach and human being. Communication will not be an issue because he speaks French after his time with PSG. I have heard a lot of good things about him.

“We have already met, but we have not had extensive talks yet. But I always hear that he is very close to his players. This type of coach suits me.”

Ribery initially enjoyed a close relationship with Guardiola as well, but the Frenchman has admitted his ongoing injury problems have changed things.

“Everything was great when Pep first joined Bayern,” he added.

“But then I started picking up injuries early in 2014. I hardly played last season and was not often part of the team. It is only logical that we speak less regularly.

Sports

Euribor 6 face 2017 trial in UK, charged with rate-rigging plotEuribor 6 face 2017 trial in UK, charged with rate-rigging plot

January 13, 2016January 13, 2016

Euribor 6 face 2017 trial in UK, charged with rate-rigging plot

Euribor 6 face 2017 trial in UK, charged with rate-rigging plot

LONDON (Reuters) – Six French, German, British and Danish bankers, who have been charged in Britain with being part of a six-year scheme with traders at major banks to manipulate Euribor benchmark interest rates, are set to face a jury trial on Sept. 4, 2017.

Christian Bittar, once one of Deutsche Bank’s most profitable derivatives traders, Achim Kraemer, who is still at that bank and former Barclays traders Philippe Moryoussef, Carlo Palombo, Colin Bermingham and Sisse Bohart are charged with one count each of conspiracy to defraud between 2005 and 2009.

The UK Serious Fraud Office (SFO) alleges they conspired with others at Barclays , Deutsche Bank , Societe Generale and other banks to defraud by rigging Euribor, the Euro interbank offered rate, for profit.

Barclays, Deutsche Bank and Societe Generale declined to comment.

At a hearing on Wednesday at London’s Southwark Crown Court, Judge Nicholas Loraine-Smith scheduled the first dates for the world’s first Euribor trial, which is expected to last around three months to deal with what the prosecutor called “a huge volume of material”.

The group, aged between 37 and 59 and resident in countries from Singapore to the United States, is the first to be charged in relation to Euribor, the euro counterpart of the London interbank offered rate (Libor) – crucial benchmarks for around $450 trillion of financial contracts and loans worldwide.

A lawyer for Bittar has said previously he would contest criminal proceedings. Representatives of the others have declined comment.

An earlier initial hearing at a lower court ended in confusion on Monday. The SFO had planned to charge 11 bankers, but prosecutors found out at the last minute that five foreign nationals would not show up.

The SFO says it is still “considering its position” about how to proceed in its case against the five who did not appear, Germans Andreas Hauschild, Joerg Vogt, Ardalan Gharagozlou and Kai-Uwe Kappauf, and Frenchman Stephane Esper.

Wednesday’s hearing set a date of March 18 for the SFO to tell the court its plans for the bankers who did not appear.

“The prosecution is considering what if any steps to take in relation to those absent,” Prosecutor James Waddington said.

The SFO has confirmed that the foreign suspects had the right to refuse the initial summons to appear. A lawyer for Vogt noted the banker was not legally obliged to attend Monday’s initial hearing. Legal representatives for the other four did not respond to requests for comment about why they stayed away.

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