UK Watchdog Looks For A Comeback At Barclays Libor Trial

By Melissa Lipman (April 1, 2016, 7:08 PM BST) -- The trial opening Monday of several former Barclays bankers charged with rigging Libor poses a crucial test for the U.K.'s Serious Fraud Office after it suffered a courtroom loss in its marquee prosecution of benchmark manipulation earlier this year.

Prosecutors have charged six former Barclays PLC traders and rate submitters with plotting to manipulate the U.S. dollar version of the London Interbank Offered Rate — a key benchmark used in interest rates for everything from mortgages to derivative contracts — to benefit the bank's trading position to the detriment of others.

Now, two years after those charges were originally filed, the...

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