Ex-Barclays trio convicted in Libor-rigging scandal

Jury finds former bankers guilty of conspiracy to defraud between 2005 and 2007

Jay Merchant
Former Barclays employee Jay Merchant
(Image credit: Justin Tallis/Getty Images)

Three former Barclays traders have been convicted of rigging the Libor inter-bank lending rate in the run-up to the financial crash in 2008.

Appearing at Southwark Crown Court yesterday after a three-month trial, Jay Merchant, Jonathan Mathew and Alex Pabon were convicted of conspiracy to defraud between 2005 and 2007. They will be sentenced on Thursday.

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