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(Bloomberg) -- Two former Deutsche Bank AG traders were cleared by an appeals court in the latest blow to the troubled transatlantic crackdown on manipulation of the London interbank offered rate. Prosecutors in the U.S. and the U.K. have sought to hold individual traders responsible for rigging Libor, which is used to value financial products from mortgages to car loans but is being phased out because of bank manipulation. [Extracted from the article]

The Justice Department, which prosecuted the case against Connolly and Black, declined to comment on the appeals court ruling. (Bloomberg) -- Two former Deutsche Bank AG traders were cleared by an appeals court in the latest blow to the troubled transatlantic crackdown on manipulation of the London interbank offered rate. [Extracted from the article]

(Bloomberg) -- Two former Deutsche Bank AG traders were cleared by an appeals court in the latest blow to the troubled transatlantic crackdown on manipulation of the London interbank offered rate. The Justice Department, which prosecuted the case against Connolly and Black, didn't immediately respond to a request for comment on the appeals court ruling. [Extracted from the article]

(Bloomberg) -- Two former Deutsche Bank AG traders were cleared by an appeals court in the latest blow to the troubled transatlantic crackdown on manipulation of the London interbank offered rate. The Justice Department, which prosecuted the case against Connolly and Black, didn't immediately respond to a request for comment on the appeals court ruling. [Extracted from the article]

(Bloomberg) -- Two former Deutsche Bank AG traders were cleared by an appeals court in the latest blow to the troubled transatlantic crackdown on manipulation of the London interbank offered rate. The lower court case is U.S. v Connolly, 16-cr-370, U.S. District Court, Southern District of Manhattan. The Manhattan U.S. attorney's office, which prosecuted the case against Connolly and Black, declined to comment on the appeals court ruling. [Extracted from the article]

(Bloomberg) -- Two former Deutsche Bank AG traders were cleared of charges that they conspired to manipulate the Libor benchmark interest rate after a federal appeals court in New York threw out their convictions. But the U.S. Court of Appeals on Thursday said that prosecutors had put forth insufficient evidence that Connolly and Black influenced Deutsche Bank into making false or misleading Libor submissions. [Extracted from the article]