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US judge rejects case against Deutsche Bank traders found guilty of Libor rigging
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fnlondon.comWASHINGTON — A federal appeals court reversed the convictions of two former Deutsche Bank traders found guilty of rigging a global lending benchmark, overturning one of the US government’s highest-profile court victories linked to the 2008 financial crisis.
The decision on 27 January dealt a blow to the legacy of an investigation into which Washington poured resources after the financial crisis, when prosecutors were criticised for not pursuing enough cases against individual traders and executives. The cases focused on how...
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