Three former Barclays’ traders convicted in Libor case

‘A court in Britain has found three former Barclays traders guilty of Libor manipulation between 2005 and 2007. The men are expected to be sentenced on Thursday.
Jay Merchant, 45, Jonathan Mathew, 35, and Alex Pabon, 38, were found guilty of trying to rig the benchmark interest rate known as Libor.
Libor is the interbank offered rate, and is fundamental in global finance affecting trillions of dollars of contracts and loans worldwide, including mortgages and bonds.’
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