U.K. prosecutors charged 10 former Deutsche Bank AG (NYSE: DB) and Barclays Plc (NYSE: BCS) employees with manipulating a benchmark interest rate, including high-profile trader Christian Bittar, with an 11th facing indictment as soon as next week. Six traders from Deutsche Bank employees and four from Barclays were charged with conspiracy to manipulate the Euribor benchmark, the Serious Fraud Office said in a statement Friday. Another trader listed anonymously in court documents may also be charged, according to three people familiar with the case. [Bloomberg]
Ex-Barclays Traders Get To Go To Court Again Over Alleged Libor-Rigging
Which is apparently the prize you win after an 11-week trial that ends without a verdict.
UK Serious Fraud Office Chief Serious About Putting Libor Riggers Behind Bars, Not Interested In "But but but everyone else was doing it" Excuses
Apparently Tom Hayes was just the beginning for the comically named organization.
Ex-Barclays Trader Accused Of Libor Manipulation Is Totally Standup Guy, Says His College Baseball Coach
So this whole Libor rigging thing has come as a surprise.
Ex-Deutsche Trader Who Helped Tipped Bank's Tally Of Employees Charged With Libor Rigging Into The Gazillions Pleads Not Guilty
Gavin Black has a different view of his activities at DB than US regulators.