BUSINESS

Contogoulas acquitted of conspiring to rig Libor benchmark interest rates

TAGS: Banking, Markets

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]

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