04-07-2016 16:12 via uk.news.yahoo.com

Three former Barclays traders found guilty in Libor rigging trial

By Kirstin Ridley and Carolyn Cohn LONDON Reuters) - Three former Barclays traders have been found guilty by a London jury of conspiring to fraudulently manipulate global benchmark interest rates in a stark warning to junior bankers and a major victory for Britain's Serious Fraud Office (SFO). The verdicts bring to five the number of people convicted in London for being part of a global financial conspiracy that has forced banks to pay fines of $9 billion, discredited rates like Libor and helped
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