It’s the bit of the wrist-slapping process that banks hate most: transcripts time. Authorities in the U.K. and U.S. have released transcripts of electronic conversations between traders relating to the roughly $370 million fine given to Lloyds Banking Group PLC regarding efforts to manipulate Libor. Some highlights of the conversations are below. Excuse the spelling. And the, er, fruity language. [For non-Brits, ‘mate’ means ‘buddy,’ ‘lovely jubbly’ means ‘OK, great’, and Tesco is a large supermarket chain that uses the advertising tag line “every little helps.”] First, highlights from the Financial Conduct ... (full story)