WILMINGTON, Del. (AP) — A former Wilmington Trust executive accused of scheming with another bank executive to make improper loans to each other from their respective banks pleaded not guilty Wednesday to federal bank fraud, conspiracy and money laundering charges.

Brian D. Bailey, 51, appeared in court for a brief arraignment, where his lawyer waived a reading of the indictment against Bailey and entered a plea of not guilty on his behalf.

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