Former Deutsche Bank traders Matthew Connolly, of New York, had his conviction thrown out for allegedly rigging Libor on Thursday, after 2018 convictions for wire fraud and conspiracy.
By Jonathan Stempel NEW YORK (Reuters) - A U.S. appeals court on Thursday threw out the convictions of two former Deutsche Bank AG traders for rigging.
By Jonathan Stempel NEW YORK (Reuters) - A U.S. appeals court on Thursday threw out the convictions of two former Deutsche Bank AG traders for rigging.
But ruling is another indication of the difficulty prosecutors have had making the case that traders at a handful of big banks conspired to profit from manipulating Libor, the benchmark once used by banks to set interest rates.