uk-britain-london2

In London, charges will be pressed against six more individuals alleged to be involved in the LIBOR scandal, the Financial Times reports.

Read: Shareholders launch investigation of Barclays

The UK’s Serious Fraud Office will press the charges by the end of February. They have already charged three people—two brokers an a trader—as part of the probe, and each has pled not guilty, says FT.

The charges are in connection with the alleged manipulation of the London Interbank Offered Rate, which is the benchmark lending rate between financial institutions.

Read more here.

Also read:

Bankers in need swamp British lawyers

Dutch bank fined $1B in LIBOR scandal

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca