Three former Barclays bankers have been found guilty of conspiring to rig a key interest rate in a high-profile trial.
Jonathan Mathew, a Libor submitter, along with traders Jay Merchant and Alex Pabon, were found guilty of conspiring with others at Barclays to manipulate US dollar Libor — the benchmark interbank lending rate — for more than two years, until September 2007.
They had denied wrongdoing in a 14-week jury trial at Southwark Crown Court in London. Barclays’ Libor submitter Peter Johnson had pleaded guilty to the charge before the trial began.
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