Honesty was ‘expendable’ for Libor riggers

Two former Barclays bankers accused of rigging Libor to rake in a fortune were so greedy that ‘honesty and integrity were matters which were entirely expendable’, a court heard. Stylianos Contogoulas, 44, plotted to tweak the complex interest rate to give him an edge in massive deals involving New York-based trader Ryan Reich, 35, it is claimed. The pair allegedly worked with other corrupt bankers to fix the Libor calculation process by submitting ‘false or misleading’ figures between 1 June…