Fraud office quizzes Barclays executives over Libor activity
London — The UK Serious Fraud Office has called in a number of current and former Barclays executives for interviews, as the agency presses ahead with another strand of a wide-ranging probe into the manipulation of benchmark rates, according to a person with knowledge of the situation. The prosecutor was in the process of questioning individuals over their actions during the 2008 financial crisis, which saw banks lower their London interbank offered rate (Libor) submissions to make them appear healthier, said the person, who did not want to be identified because the interviews were not public. Fraud office prosecutors told a London court earlier in 2016 that the agency was investigating Libor lowballing and was planning to carry out interviews with Barclays executives in the coming months. Those comments were made during the trial of a group of Barclays traders accused of manipulating the US dollar version of Libor. Four of the men were convicted in July. Representatives for the fra...
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