ECONOMY

Contogoulas acquitted of conspiring to rig Libor benchmark interest rates

Contogoulas acquitted of conspiring to rig Libor benchmark interest rates

Two former junior Barclays traders have been unanimously acquitted by a London jury of conspiring to rig Libor benchmark interest rates in a blow to the UK Serious Fraud Office.

Ryan Reich, a 35-year-old American, and Greek national Stylianos Contogoulas, 45, walked free on Thursday after their second trial on a single charge of conspiracy to defraud.

[Reuters]

Banking Markets
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