Bankers 'driven by money' in 'rigging' Libor

Five former bankers who worked for Barclays were "driven by money" when they conspired to fix the Libor lending rate, prosecutors told a London court as their trial opened Tuesday. "This is a fraud case," prosecutor James Hines told the jury at Southwark Crown Court. "The defendants were employees of Barclays Bank and the prosecution case is that they conspired to defraud the people with whom they trade by dishonestly rigging the Libor rate.