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Two managers are charged with “one count of conspiring to transmit false reports concerning market information that tends to affect a commodity and four counts of transmitting such false reports,” according to U.S. Justice Department officials.
Two Société Générale bank managers have been indicted in a U.S. federal court for allegedly scheming to rig the London Interbank Offered Rate (Libor). Libor is of course the collection of benchmark interest rates for various currencies and maturities “to which trillions of dollars of financial transactions are tied,” as a recent announcement made jointly...
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