Three traders nailed in LIBOR scandal

 

Three ex-Barclays traders found guilty of manipulation

Jay Merchant, Jonathan Mathew and Alex Pabon have been found guilty by a jury of "conspiring to fraudulently manipulate global benchmark interest rates".

The news is out after restrictions on reporting the cases were lifted as the jury failed to agree a verdict on two other defendants. Another LIBOR submitter, Peter Johnson had previously plead guilty.

Sentencing is expected to be held Thursday.