New Model Adviser - For professional financial planners

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.
6750.76 + 72 1.08% 04:35

Three arrested over Libor fixing

3 comments
Three arrested over Libor fixing

Three men have been arrested in connection with the investigation into the manipulation of Libor.

The Serious Fraud Office (SFO) with the assistance of the City of London Police has executed search warrants at three residential premises in Surrey and Essex.

Three men, aged 33, 41 and 47, have been arrested and taken to a London police station for interview in connection with the investigation into the manipulation of Libor.

The men are all British nationals currently living in the United Kingdom. 

In July, Barclays was fined £290 million by the Financial Services Authority’s (FSA) and US regulators over its role in the Libor manipulation scandal

Other banks have since come under the spotlight over the manipulation of Libor by US regulators and the FSA including Royal Bank of Scotland, HSBC, Deutsche Bank, Citigroup, JPMorgan Chase and UBS.

In September FSA managing director Martin Wheatley said that Libor rigging should be made a criminal offence.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.