Ex-Barclays trio convicted of Libor rigging launch appeal

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Three Barclays bankers found guilty of Libor rigging last month have appealed their convictions.

Jonathan Mathew, Alex Pabon and Jay Merchant were convicted of conspiracy to defraud by means manipulating US-linked Libor, City AM reported this morning.

Their offending took place between 1 June 2005 and 1 September 2007.

Matthew and Merchant will also appeal their sentences, which are four and six-and-a-half years respectively. Pabon, who will not appeal his sentence, landed two years and nine months from his conviction.

The only other person to be convicted as part of the Serious Fraud Office’s ongoing investigation into Libor manipulation is former UBS and Citigroup trader Tom Hayes.