April 28, 2014

barc1Britain’s Serious Fraud Office announced on Monday that three more ex-employees of Barclays bank have been charged over the Libor rate-rigging affair.

The scandal over Libor, an interest rate at the heart of the global economy, has damaged the reputation of London as a global financial centre and plagued big names in world banking.

The Serious Fraud Office (SFO) said it had launched criminal proceedings against the three men “for conspiracy to defraud in connection with its investigation into the manipulation of Libor”.

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