The U.S. Department of Justice and British officials may file criminal charges this summer against Barclays employees that allegedly rigged Libor rates, according to the Wall Street Journal.
The formal charges would reinforce a new strategy in the six-year investigation into the scandal, targeting individuals instead of just institutions, the newspaper said Friday, citing unnamed sources.
However, although officials have called for current and former bank executives to be held responsible for the scandal, the sources said the charges will instead target mid-level employees, the Wall Street Journal said.
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