Two more charged over Libor

By Julia Duke

16 July 2013 at 15:30 BST

Two more city brokers have been charged over the Libor scandal. Terry Farr and James Gilmour, who previously worked at interdealer broker RP Martin, have now been charged by the City of London Police.

Barclays was the first bank charged with huge fines over rates rigging Tupungato

The two are accused of conspiracy to defraud and follow on from the UK’s first prosecution in the Libor rigging scandal last month.

The arrests are the latest in the affair which has seen a number of international banks implicated in rigging the rates with Barclays the first to face huge fines.

The Global Legal Post reported in June that former UBS and Citigroup trader Tom Hayes was prosecuted by the Serious Fraud office (SFO) for his alleged involvement in rigging the London interbank lending rate.

To read more - BBC News.


Also read...

The business of staying in business

Commercial pressures are forcing restaurant and retail businesses to seek better deals from their landlords, says Thomas Bond of law firm Russell-Cooke.