U.K. Ends Libor Probes Leaving Senior Officials in the Clear
- Three Barclays executives no longer under investigation
- Decision brings end to seven-year probe into rate-rigging
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The U.K. Serious Fraud Office closed its seven-year investigation into the manipulation of a key interest rate that led to the conviction of five London bankers in a scandal that became an emblem for banker greed following the financial crisis.
The end of the probe into the London interbank offered rate, a benchmark tied to trillions of dollars of mortgages and loans, means that prosecutors have dropped a related investigation of three senior current and former Barclays Plc executives.