Libor probe intensifies on both sides of Atlantic

Libor investigations on both sides of the Atlantic intensified as Barclays traders could face possible US charges.

16th July, 2012
Libor probe intensifies on both sides of Atlantic
The former chief executive of Barclays, Robert Diamond.

Libor investigations on both sides of the Atlantic intensified as Barclays traders could face possible US charges by September and British lawmakers may use hearings this week to expand their inquiry to other banks tied to the global financial scandal.

Barclays traders involved in allegedly manipulating Libor rates between 2005 and 2007 may be charged by US prosecutors before the Labor Day holiday on September 3rd, said a person familiar with the Justice Department investigation in Washington.

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