Three Ex-Barclays Staff Charged Over Libor
The Serious Fraud Office (SFO) has charged three former employees of Barclays Bank in the manipulation of the London inter-bank offered rate, Libor.
The SFO said Jay Vijay Merchant, Alex Julian Pabon and Ryan Michael Reich have been charged with conspiracy to defraud.
The charges are in connection with an investigation into the scandal related to the rigging of the key market interest rate.
Libor is widely used in international finance between institutions and the rate-setting is decided daily.
The SFO said the trio's first appearances will be at Westminster Magistrates' Court in several weeks' time.
A total of 12 people have now been charged in relation to alleged Libor manipulation, including three other ex-Barclays employees.
Trillions of dollars are underpinned by the Libor rate in world markets.
The SFO first announced it would look into the inter-bank lending rate set in London and its alleged manipulation in July 2012.
It said the investigation, in conjunction with the Financial Conduct Authority in Britain and the Department of Justice in the United States, will continue.
Libor was previously overseen by the British Bankers' Association.