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3 former bankers charged in UK in rates probe
http://www.adn.com/2014/02/17/3330586/3-former-bankers-charged-in-uk.html3 former bankers charged in UK in rates probe
The Associated Press
February 17, 2014 Updated 10 minutes ago
LONDON — Britain's Serious Fraud Office is charging three former Barclays employees in a scandal related to the rigging of a key market interest rate.
Authorities say criminal proceedings have begun against Peter Charles Johnson, Jonathan James Mathew and Stylianos Contogoulas for actions between June 1, 2005 and Aug. 31, 2007.
A court date has not yet been set to enter pleas.
At least six people have been implicated in the manipulation of the London interbank lending rate, known as LIBOR. The rate is used by banks to borrow from each other and indirectly affects the cost of loans in the wider economy.
