Three former Barclays traders have been found guilty of "conspiring to fraudulently manipulate global benchmark interest rates", following a 10-week trial. The verdict has been hailed as a victory for the Serious Fraud Office (SFO) and a "warning to junior traders". Former trader Andrew Tyrie, who was jailed in 2013, had previously pleaded not guilty. Three former Barclays (BARC.L) traders have been found guilty by a London jury of conspiring to fraudulently manipulate global benchmark interest rates in a stark warning to junior bankers and a major victory for Britain’s Serious Fraud Office (SFO). Barclays was the first of 11 banks to be fined over allegations of Libor fixing, with financial penalties totalling $9bn.
Three former Barclays traders have been found guilty of "conspiring to fraudulently manipulate global benchmark interest rates", following a 10-week trial. The verdict has been hailed as a victory for the Serious Fraud Office (SFO) and a "warning to junior traders". Former trader Andrew Tyrie, who was jailed in 2013, had previously pleaded not guilty. Barclays was the first of 11 banks to be fined over allegations of Libor fixing, with financial penalties totalling $9bn.