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Three former Barclays bankers charged over Libor manipulation Three former Barclays bankers charged over Libor manipulation
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Three former Barclays employees have been charged in connection with alleged Libor manipulation as part of a Serious Fraud Office investigation.Three former Barclays employees have been charged in connection with alleged Libor manipulation as part of a Serious Fraud Office investigation.
Peter Charles Johnson, Jonathan James Mathew and Stylianos Contouglas are accused of conspiracy to defraud between 2005 and 2007, the SFO said.Peter Charles Johnson, Jonathan James Mathew and Stylianos Contouglas are accused of conspiracy to defraud between 2005 and 2007, the SFO said.
They are due to appear at Westminster Magistrates' Court on a date yet to be announced.They are due to appear at Westminster Magistrates' Court on a date yet to be announced.
Barclays paid a $450m (£270m) fine in July 2012 to settle allegations from US and UK regulators that along with other banks also fined, it had manipulated the inter-bank lending rate set in London. Barclays paid a $450m (£270m) fine in July 2012 to settle allegations from US and UK regulators that, along with other banks also fined, it had manipulated the inter-bank lending rate set in London.
The scandal prompted the resignation of chief executive Bob Diamond and chairman Marcus Agius in summer 2012 The scandal prompted the resignation of chief executive Bob Diamond, chairman Marcus Agius and chief operating officer Jerry Del Missier.
The Libor investigation was launched in 2012 in conjunction with the Financial Conduct Authority and the US Department of Justice. The Libor investigation was launched in conjunction with the Financial Conduct Authority and the US Department of Justice in 2012.
Barclays declined to comment.Barclays declined to comment.