Libor rate fixers face jail

Four former Barclays bankers who rigged global interest rates like bookmakers trying to nobble a horse in the Grand National are facing jail. New York based traders Jay Merchant, 45, and Alex Pabon, 38, along with London-based Libor submitters Peter Johnson, 61, and Jonathan Mathew, 35, tweaked the Libor rate while taking home giant salaries. Mathew and his boss Peter Johnson, 61, agreed to fix the US dollar Libor in a bid to ‘skew the benchmark’ and substantially increase their…

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