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02

Former Deutsche Bank Traders Charged in Libor Case

By Tony Seruga

A Deutsche Bank branch in London. Two senior Deutsche traders have been indicted.CreditJustin Tallis/Agence France-Presse — Getty Images

The Justice Department announced criminal charges on Thursday against two former Deutsche Bank traders accused of manipulating interest rates, the latest Wall Street employees to be ensnared in the government’s wide-ranging crackdown.

The former traders, Matthew Connolly and Gavin Campbell Black, were indicted on charges that they manipulated the London interbank offered rate, or Libor, a benchmark rate that underpins trillions of dollars in mortgages, student loans and other debt…

Former Deutsche Bank Traders Charged in Libor Case

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