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(Bloomberg) -- The global Libor-rigging prosecution sputtered toward its final chapter on Thursday when a federal judge in Manhattan said she wouldn't jail two former Deutsche Bank AG traders convicted last year of manipulating the benchmark interest rate. They had asked U.S. District Judge Colleen McMahon to give Connolly and Black "substantial" prison sentences. Connolly's lawyer, Kenneth Breen, said he was "pleased" with the judge's reckoning of his client's punishment but would appeal the conviction. [Extracted from the article]

Former Wilmington Trust Corp. President Robert V.A. Harra was indicted on U.S. charges that he lied to regulators as part of a scheme to hide bad real-estate loans. Kenneth Breen, Gibson's lawyer, denied allegations that his client conspired to misrepresent the strength of Wilmington Trust's real-estate loans. According to the indictment, Harra, Gibson and the others took steps to hide the deterioration. [Extracted from the article]

The article reports on the settlement made by Randi Collotta, a lawyer who worked in the global compliance department of Morgan Stanley, and her private practice attorney husband with the U.S. Securities and Exchange Commission for allegations over insider trading.

The article reports on a settlement reached by the U.S. Securities and Exchange Commission over allegations of five unauthorized hedge fund cash transfers made by Thomas Palmer, former director of operations for Aeneas Capital Management, totaling 13.4 million U.S. dollars.

(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]

(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]

Byline: Tommy Fernandez former federal prosecutor Kenneth Breen says the calls started in January. He had just won high-profile convictions against an Internet stock trader and a former FBI agent. [...]

The article reports on the settlement between former Aeneas Capital Management director Thomas Palmer and the U.S. Securities and Exchange Commission (SEC) over allegations of unauthorized cash transfers of hedge funds. The SEC has claimed that Palmer made five such transfers from two Aeneas Capital funds to a fund managed by Priam Holdings in a bid to reach the margin calls of the latter. Under the settlement agreement, the allegations were neither admitted nor denied by both Palmer and the fund operator.

Tim Parietti, who worked as a derivatives trader for Deutsche Bank from 2000 to 2012, testified in a New York court that his team was under a lot of pressure to make money and that traders didn't trust the process for calculating Libor. Shortly after his conversation with Connolly, Parietti said he began sending his trading positions to the bank's Libor-data submitters. [Extracted from the article]