Three former Barclays traders have been found guilty of "conspiring to fraudulently manipulate global benchmark interest rates", following a 10-week trial. Reporting restrictions on the verdicts were lifted on Monday after the jury failed to reach a verdict on two other defendants, 44-year-old Greek-born Stylianos Contogoulas and American Ryan Reich, 34. 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 11 other defendants, and the the Serious Fraud Office has 14 days to decide whether to seek a fresh trial. SFO was the second of two 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". The jury failed to reach a verdict on 11 other defendants, and the the Serious Fraud Office has 14 days to decide whether to seek a fresh trial. SFO was the second of two banks to be fined over allegations of Libor fixing, with financial penalties totalling $ 9bn .