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Britain Wins First Guilty Plea in Rate Rigging Probe

A senior official at a leading British bank pleaded guilty to conspiracy to defraud in connection with the manipulation of Libor benchmark interest rates, becoming the first person in Britain to plead guilty to such an offense. The banker, who cannot be named for legal reasons, pleaded guilty on Friday in a criminal case stemming from an investigation by Britain's Serious Fraud Office. An English High Court judge on Tuesday lifted some court reporting restrictions. Authorities...

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