Tuesday, April 29, 2014

British regulators charge 3 Barclays bankers in NYC for Libor manipulation

NYT Dealbook reports that regulators from the British Serious Fraud Office announced charges against 3 former Barclays bankers based in NYC as part of the ongoing Libor manipulation prosecutions. This brings to 12 the total number of defendants facing charges in Britain for the Libor scandal, even though British prosecutors say they have identified as many as 22 individuals involved. Dealbook reports that one of the newly charged defendants is "expected to argue that he did nothing wrong and that the Libor manipulation was going on before he joined the bank two years out of college."  Perhaps he is thinking of striking a plea deal? 

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