October 18, 2019 / 12:29 PM / 25 days ago

UK's SFO to bring no further charges after Libor manipulation probe

Oct 18 (Reuters) - The United Kingdom's Serious Fraud Office said on Friday it had concluded its investigation into Libor interest rate rigging and would bring no further charges. (bit.ly/2ML2KQ4)

The London interbank offered rate (Libor) rigging scandal that unfolded in 2012 led to billions of dollars in fines for major banks and jail sentences for traders convicted of manipulating the benchmark for profit.

Reporting by Uday Sampath in Bengaluru; Editing by Bernard Orr

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