Barclays Bankers Found Guilty in U.K. Libor Case

Receiving Wide Coverage ...

Justice, delayed: Several bankers are paying the price for misdeeds – albeit roughly a decade after their crimes reportedly took place. Three former Barclays bankers – two Brits (Jonathan Mathew and Jay Merchant) and an American (Alex Pabon) – have been convicted of conspiracy to defraud in connection with efforts to manipulate Libor interest rates between June 2005 and September 2007. The London jury ultimately failed to issue a verdict for two additional defendants – Stylianos Contogoulas and Ryan Michael Reich.

This is the third criminal trial based in the U.K. since news about the Libor scandal started to come to light more than eight years ago. The U.S. has also pursued charges against more than a dozen bankers. Wall Street Journal, Financial Times

Wall Street Journal

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Financial Times

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New York Times

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Beach reads: Andrew Ross Sorkin curates a list of summer releases for business and finance nerds. The American Banker also offers a list.