Ten bankers charged

LONDON: British authorities charged 10 bankers on Friday with manipulating the Euro Interbank Offered Rate, the first to be charged with rigging Euribor. The Serious Fraud Office (SFO) issued proceedings against six bankers from Germany’s biggest lender Deutsche Bank and four from troubled British bank Barclays. The men were charged with conspiracy to defraud, in connection with the SFO’s ongoing investigation into the manipulation of Euribor. They are due to appear at Westminster Magistrates Court in London on January 11. The SFO said criminal proceedings would be ‘issued against other individuals in due course’.