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The article discusses ongoing investigations in the U.S. and Great Britain into alleged attempts to manipulate the London interbank offered rate (Libor), and reports that prosecutors from both countries are expected to file criminal charges against two unnamed former employees of banking company Barclays PLC in connection with the matter. Investigating bodies include the U.S. Justice Department, and Britain's Serious Fraud Office and Financial Conduct Authority.

The article discusses investigations into attempts to manipulate the London interbank offered rate, or Libor, with a focus on relationships between stockbrokers and traders at the London Stock Exchange in England as of May 2013. Topics include the interest rate fixing scandal, allegations against Neil Danziger of the Royal Bank of Scotland group PLC of favor-trading with the brokerage firm Tullett Prebon PLC, and investigations into corrupt practices in the securities industry. INSET: Trading Favors?.

The article reports that Kareem Serageldin, a former banker for banking company Credit Suisse Group AG, was arrested by the Metropolitan Police in London, England on September 26, 2012. Serageldin is wanted in the U.S. on several charges including wire fraud and criminal conspiracy in connection with the alleged inflation of prices for mortgage-bond securities during the 2008-2009 global financial crisis.

The article discusses a June 28, 2012, announcement by the British Bankers' Association (BBA) concerning the regulation of the Libor interest rate mechanism. According to the article, the announcement followed an agreement by British financial firm Barclays PLC to pay $453 million in fines for the manipulation of interest rates. The article states that the BBA sets the Libor rate on a daily basis.

The article states that British financial firm Barclays PLC agreed to pay fines of $453 million to U.S. and British regulators as of June 28, 2012. According to the article, Barclays admitted to the attempted manipulation of interest rates connected to loans and financial contracts by its traders. The article also states that government regulators in the U.S., Europe, and Asia, were extending investigations of similar activities by other financial firms.

The article reports that Chris Lucas, the chief financial officer (CFO) of the bank Barclays PLC, is under investigation by Great Britain's Financial Services Authority (FSA) concerning Barclays' arrangements with Qatari investors and disclosure of fees. The article says that the investigation could increase doubts about the bank's stability, in addition to lawsuits due to attempts to manipulate the London interbank offered rate (Libor).

The article discusses disagreement between the U.S. Justice Department and Great Britain's Serious Fraud Office (SFO) over Tom Hayes, a former trader for banking company UBS AG believed complicit in an interest-rate-fixing scandal. The SFO has denied Justice's request to interview Hayes, and could enter into a plea deal that would block Hayes' extradition to the U.S.