Peter Johnson, 61, and Jonathan Mathew, 35,.... who were based in London ....tweaked the bank's Libor rate in a way that benefited their US New York traders and co-conspirators, .....Jay Merchant, 45, and Alex Pabon, 38.
The New York traders would tell their London colleagues whether they wanted the Libor rate to move up or down on any given day, 'tipping the odds in their favour', the court heard..... ......Mathew and Johnson then fixed the rate, which is used to set millions of pounds of financial deals, in a bid increase profits for Barclays while causing potentially enormous losses to others dealing with the bank.
Peter Johnson, 61, and Jonathan Mathew, 35, who were based in London tweaked the bank's Libor rate in a way that benefited their US co-conspirators, traders Jay Merchant, 45, and Alex Pabon, 38.
http://www.dailymail.co.uk/news/article-3679057/Four-former-Barclays-bankers-rigged-global-rates-like-bookmakers-trying-nobble-horse-Grand-National-jailed-total-17-years.htmlAlex Pabon Jonathan Mathew
Peter Johnson Jay Merchant
