Deutsche Bank to face British lawsuit over high-speed trading

Frankfurt

DEUTSCHE Bank, already troubled by lawsuits and official investigations, faces another challenge. A group of lawyers said on Monday that they planned to sue the company in British court, accusing the bank of using high-speed trading software to profit in foreign currency markets at the expense of customers.

The lawsuit is to be filed later this year on behalf of companies, investors and even some central banks that frequently buy and sell currencies. The lawsuit would mirror one filed in New York last month by some of the same law firms.