Three Former Barclays Traders Guilty of Rigging Libor

The video discusses the outcomes of trials related to banking scandals, focusing on the Libor scandal and its impact on the banking sector, particularly Barclays. It highlights the challenges in holding higher-ups accountable due to lack of evidence, despite widespread frustration. The video also covers the sentencing of individuals involved, noting the variability in outcomes across different jurisdictions.

What was the outcome of the recent trials discussed in the video?

• The trials were postponed.

• All individuals were found guilty.

• All individuals were acquitted.

• Three individuals were found guilty, and two faced a hung decision.

How did the Libor scandal affect the banking industry?

• It led to a decrease in banking regulations.

• It resulted in increased scrutiny and penalties for banks.

• It had no significant impact.

• It caused banks to merge with each other.

Which bank was the first to be fined for Libor rigging?

• Royal Bank of Scotland

• HSBC

• Lloyds

• Barclays

What challenge do investigators face when prosecuting higher-ups in banking scandals?

• Lack of public interest

• Insufficient evidence directly linking them to the crimes

• Too many witnesses

• Overwhelming support from the government

What was the initial sentence given to Tom Hayes?

• 5 years

• 10 years

• 20 years

• 14 years