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July 16, 2013

Ex-Broker Charged in Libor Case Responds

Terry J. Farr, a former broker who was charged on Monday as part of an investigation into manipulation of global benchmark interest rates, was “a minnow in a very large pond,” his lawyer said on Tuesday.

Katie Wheatley, a partner at the law firm Bindmans, which represents Mr. Farr, said it was “regrettable” that the Serious Fraud Office had decided to charge Mr. Farr in the continuing investigation into the rigging of the London interbank offered rate, or Libor.”

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Read full New York Times article here

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