UK prosecutor charges US-based ex-Barclays staff in Libor probe
Britain on Monday
filed its first criminal charges against U.S.-based Libor traders, as
the UK arm of a complex global investigation into alleged benchmark
interest-rate rigging stretches across the Atlantic.
The Serious Fraud Office (SFO)
charged three former traders at British bank Barclays - director of
dollar fixed-income swaps Jay Merchant and dollar interest rate
derivative traders Alex Pabon and Ryan Reich - with conspiracy to
defraud in connection with its Libor inquiry.
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