Britain's Serious Fraud Office said Friday it would formally investigate a bank rate-fixing scandal which has led to the resignation of three top Barclays executives.
"The SFO director David Green QC has today decided formally to accept the Libor matter for investigation," the independent government department said in a statement.
Libor (London Interbank Offered Rate), the rate at which banks lend to one another, is a flagship London instrument used as an interest benchmark throughout the world.
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