Economic

Former Barclays employees named in Libor criminal case

“The Serious Fraud Office (SFO) has charged three former Barclays employees in connection with its investigation into the manipulation of Libor.”…

The Libor rate is used to set trillions of dollars of financial contracts, including many car loans and mortgages, as well as complex financial transactions around the world.

Source: BBC News – Former Barclays employees named in Libor criminal case

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