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British banker pleads guilty to Libor rigging

The court described the individual as 'a senior banker', who pleaded guilty to 'conspiracy to defraud' charges filed by the UK’s Serious Fraud Office

A banker from a “leading British bank” pleaded guilty last week to attempted manipulation of benchmark interest rates, according to a London court.

The court described the individual as "a senior banker," who pleaded guilty October 3 to "conspiracy to defraud" charges filed by the UK's Serious Fraud Office in its two-year investigation into manipulation of the London interbank offered rate, or Libor. The court didn't allow publication of the banker's identity.

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