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"How do you say crooks in German? Two former Deutsche Bank traders were charged Thursday with scheming to rig the global financial system by manipulating a key interest rate. Matthew Connolly, 51, of Basking Ridge, NJ, and Gavin Campbell Black, 46, of London, worked with at least eight other traders to rig Libor, the benchmark rate that affects trillions in debt, federal prosecutors alleged. Connolly is the first American banker to be charged in the Libor investigation. He made his initial appearance in Manhattan federal court on Thursday and was set free on a $500,000 bond secured by his home. Connolly and Black worked with other traders between 2005 and 2011 to raise or lower the Libor rate — or fix — in order to make more money for the German bank, according to the Justice Department’s indictment. “COULD WE PLS HAVE A LOW 6MTH FIX TODAY, OLD BEAN?” Black asked another trader in an April 1 chat message included in the indictment. A", nypost.com
"Two former Deutsche Bank AG traders face U.S. criminal charges for allegedly trying to manipulate the Libor benchmark interest rate, including the first American trader to be charged by U.S. authorities in connection with the yearslong probe.", www.wsj.com