Arab Today, arab today 3 held in uk libor manipulation probe
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

3 held in UK Libor manipulation probe

Arab Today, arab today

Arab Today, arab today 3 held in UK Libor manipulation probe

London - AFP

British police and investigators arrested three men on Tuesday on suspicion of manipulating the interbank lending rate Libor, the Serious Fraud Office said. \"Three men, aged 33, 41 and 47, have been arrested and taken to a London police station for interview in connection with the investigation into the manipulation of Libor,\" said an SFO statement. All three men are British nationals, the SFO said. Two were arrested in Essex to the east of London and another was held in Surrey to the south of the capital. The SFO opened a probe into Libor manipulation in July after Barclays was fined £290 million (359 million euros, $467 million) by US and UK regulators for rigging the key lending rate. The London Interbank Offered Rate (Libor) is a flagship instrument used all over the world, affecting what banks, businesses and homeowners pay to borrow money. A number of traders at Barclays were found to have rigged Libor to boost profits and bonus rewards, while the bank was also accused of lowering submissions to alter the perception of the lender\'s finances. The claims ultimately led to the resignation of Barclays boss Bob Diamond and sparked a bitter row over ethics in the banking sector. Other banks are being investigated by the SFO, the government department responsible for investigating and prosecuting complex fraud. There was no immediate indication of which bank was involved in Tuesday\'s arrests.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 3 held in uk libor manipulation probe Arab Today, arab today 3 held in uk libor manipulation probe

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 3 held in uk libor manipulation probe Arab Today, arab today 3 held in uk libor manipulation probe

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday