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Libor traders may avoid fine after deadline passes

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Traders facing penalties from British regulators over their involvement in rigging Libor may avoid being fined after the U.K. Financial Conduct Authority missed a deadline to take action, three people with knowledge of the matter said.

Mixed bonus news

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A few corners of Wall Street are expecting big bonuses, but for most of the industry it is likely to be a disappointing year.

Ex-Jefferies trader free to appeal conviction

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A federal appeals court has determined that Jesse C. Litvak, a former senior trader at the Jefferies, can stay out of prison while he appeals a conviction of defrauding investors in mortgage-backed securities.

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