Three Former Barclays Employees Face Criminal Charges In UK

Criminal charges have been filed against three former Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) Bank employees, including two US citizens, for rigging interest rates.

After company paid fine, individual criminal charges filed by UK authorities

After Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) admitted wrongdoing and paid a $450 million fine to settle rate-rigging allegations with US and UK authorities, it was Britain’s Serious Fraud Office that criminally charged individuals Alex Pabon and Ryan Reich, two Americans, along with Jay Merchant, a UK resident. The lack of individual charges from the US Department of Justice for criminality involving...