Ex-Deutsche Bank traders’ Libor-rigging convictions overturned by US court

Charges were brought in 2016 against London-based Gavin Black and New York colleague Matthew Connolly

A US court has overturned the conviction of two former Deutsche Bank traders for allegedly rigging the London Interbank Offered Rate (Libor).

A three-judge panel from the second US circuit court of appeals in Manhattan ruled the US government failed to show that any of the trader-influenced submissions were false, fraudulent or misleading".