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Trader 'shocked' by Libor phone call

A trader says he was "shocked" when his manager asked him not to mention Libor rate setting in any emails.

The trader accused of manipulating the Libor rate has told a court that senior managers knew what he was doing.

A former trader accused of Libor rate rigging said brokers in other firms were a "tool" in his "armoury", a jury has been told.

The trader at the centre of the Libor rate-rigging trial offered his contact a "humongous deal" to keep the rate low, a court hears.

The trader at the centre of the Libor rate-rigging trial tried to influence other banks to manipulate the key benchmark rate, a court hears.

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