Prosecutors said the men plotted with Johnson and others at Barclays to rig Libor, the London interbank offered rate, driven by greed. Three former senior 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 " . The jury failed to reach a verdict on two other cases , and the SFO has 14 days to decide whether to seek a fresh trial . Barclays was the first of 11 banks to be fined over allegations of Libor fraud , with financial penalties totalling $ 5000 .
Three former senior 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 " . The jury failed to reach a verdict on two other cases , and the SFO has 14 days to decide whether to seek a fresh trial . Barclays was the first of 11 banks to be fined over allegations of Libor fraud , with financial penalties totalling $ 5000 .