British fraud office ends seven-year Libor rigging probe

(Reuters) - Britain's Serious Fraud Office said on Friday it had closed its investigation into the manipulation of Libor interest rates and would bring no further charges. (http://bit.ly/2ML2KQ4)The London interbank offered rate (Libor) rigging scandal led to billions of dollars in fines for major banks and jail sentences for traders convicted of manipulating the benchmark for profit.The SFO began its investigation into Libor manipulation in 2012 after Barclays was the first of 11 major banks..