UK fraud agency charges three ex-Barclays bankers over Libor
Source: Reuters
Britain's fraud agency started criminal proceedings against three former bankers at Britain's Barclays Plc on Monday for the alleged manipulation of Libor interest rates.
The Serious Fraud Office (SFO) said it has charged Peter Charles Johnson, Jonathan James Mathew and Stylianos Contogoulas with conspiracy to defraud between June 2005 and August 2007.
The SFO last year brought charges against three former employees of Swiss bank UBS and UK brokerage RP Martin, the first people to face trial in connection with a global investigation into a rate-rigging scandal that sparked intense criticism of standards across the industry.
Barclays paid $450 million in July 2012 to settle allegations from U.S. and UK regulators that it had manipulated Libor interest rates, prompting the resignations of its chairman and chief executive and a barrage of criticism about standards and culture.
Read more: http://www.reuters.com/article/2014/02/17/us-barclays-libor-charges-idUSBREA1G0NA20140217
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