ECONOMY

Contogoulas acquitted of conspiring to rig Libor benchmark interest rates

contogoulas-acquitted-of-conspiring-to-rig-libor-benchmark-interest-rates

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]