Guilty Ex-Barclays Trio Ends Another Libor Chapter for London
- Five ex-traders accused of conspiring to rig Libor rate
- Jury couldn’t reach verdict on the other two former traders
Three Former Barclays Traders Guilty of Rigging Libor
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Jury verdicts finding three former Barclays Plc traders guilty of rigging Libor, one of the key scandals that led to the cultural overhaul of banking during the past decade, closes another chapter in London’s financial history.
Just over four years since Barclays paid out hundreds of millions of dollars in fines for fixing the benchmark rate, Jonathan Mathew, 35, Jay Merchant, 45, and Alex Pabon, 38, were found guilty of conspiring with other Barclays employees to rig the London interbank offered rate.