ICAP, Tullett Staff Head to Court as Libor Gaze Turns to Brokers
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Six former employees from some of the world’s biggest interdealer brokerage firms will enter a London court room this week to stand trial for participating in a conspiracy to rig Libor.
Darrell Read, Colin Goodman and Danny Wilkinson from ICAP Plc; Terry Farr and James Gilmour from RP Martin Group Ltd; and Noel Cryan from Tullett Prebon Plc are accused of helping traders manipulate the London interbank offered rate by attempting to procure “favorable submissions” from other rate-setting banks on the traders’ behalf.