U.S. Libor trader loses UK appeal over rigging conviction

A former Barclaystrader lost an appeal against his conviction over Libor benchmark interest rate rigging at London's Court of Appeal on Tuesday.Alex Pabon, a 39-year-old American former derivatives trader, was jailed in 2016 alongside three other former Barclays traders for conspiracy to defraud in relation to the manipulation of Libor (London interbank offered rate).