Former Barclays trio found guilty on Libor

Bank had paid hundreds of millions in fines for fixing

4th July, 2016
Former Barclays traders found guilty on Libor Pic: Getty

Three former Barclays traders have been found guilty of Libor manipulation almost four years to the day since the bank paid out hundreds of millions of dollars in fines for fixing the key benchmark rate behind more than $350 trillion in securities.

Jonathan Mathew, 35, Jay Merchant, 45, and Alex Pabon, 38, were convicted last week of conspiring with other Barclays employees to rig the London interbank offered rate between June 1, 2005, and August 31, 2007.

The jury in London could not...

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