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Ex-Barclays Trader Told SFO His Bosses Knew About Libor Fix

  • Investment bank, fixed income executives named in London trial
  • Three managers, who deny the allegations, due to testify later
Jay Merchant arrives at Southwark Crown Court in London, on April 5, 2016.

Jay Merchant arrives at Southwark Crown Court in London, on April 5, 2016.

Photographer: Simon Dawson/Bloomberg
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One of five former Barclays Plc traders accused of rigging benchmark interest rates told regulators that his bosses, including the investment bank’s chief operating officer Mike Bagguley, must have known about the manipulation, U.K. fraud prosecutors said at a London trial.

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