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Former Barclays bankers charged over Libor allegations

18-2-2014 < No Fake News 165 107 words
 


‘Three former Barclays bankers have been charged in relation to allegations of a conspiracy to manipulate Libor interest rates.


The Serious Fraud Office said the men were charged in connection with an allegation of conspiracy to defraud between 1 June 2005 and 31 August 2007.


The bank was fined £290m by US and UK regulators two years ago for a “serious, widespread” role in trying to manipulate Libor rates. There was no admission of criminal liability but the scandal ultimately led to the departure of the chief executive, Bob Diamond.’


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