Libor-Rigging Guilty Verdicts Bolster U.S. Bid to Punish Traders
- Two ex-Deutsche Bank traders face prison after jury convicts
- Duo tried to manipulate key benchmark to aid trading positions
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A U.S. crackdown on the people who rigged key financial-market benchmarks suffered a stinging setback last year when an appeals court tossed out the conviction of two former Rabobank Groep traders.
Prosecutors got a measure of redemption on Wednesday.