Police arrested three British men on Tuesday as part of the ongoing probe into the rigging of interest rates, the Wall Street Journal reported:
The arrests are the first by authorities amid a global probe into alleged rigging by bank personnel of the London interbank offered rate over several years. The SFO started a criminal investigation in July, shortly after Barclays PLC paid about $450 million to U.S. and U.K. regulators as part of a settlement in which the British bank admitted that some of its executives and traders had manipulated Libor. Additional fines at other banks are expected.
