GO
Loading...

UK fraud agency charges 3 ex-Barclays bankers over Libor

Britain's fraud agency has started criminal proceedings against three former bankers of Britain's Barclays for the alleged manipulation of Libor interest rates, it said on Monday.

The Serious Fraud Office (SFO) said criminal proceedings had started against Peter Charles Johnson, Jonathan James Mathew and Stylianos Contogoulas, alleging they conspired to defraud between June 2005 and August 2007.

(Read more: Barclays to ax up to 12,000 jobs amid investor anger)

Simon Dawson | Bloomberg via Getty Images

Barclays paid $450 million in July 2012 to settle charges it had manipulated Libor interest rates, and several more banks have followed and regulators continue to investigate the scandal.

Follow us on Twitter: @CNBCWorld

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Europe Video

  • A yes vote in the upcoming Scottish independence referendum could lead some insurers to move their headquarters to London, says Mark Nicholson, associate director at Standard & Poor's Rating Services.

  • The U.S. Federal Reserve remains data dependent and will not bow to hawks, says Mark Haefele, global chief investment officer at UBS, as Janet Yellen continues to make the argument that there is slack in the labor market.

  • European shares closed lower on Friday as tensions in Ukraine flared up once again. It comes after stocks fluctuated as U.S. Federal Reserve Chair Janet Yellen spoke about the labor market in Jackson Hole, Wyoming.