UK issues arrest warrants as five bankers in court no-show

UK prosecutors have obtained arrest warrants against five bankers who failed to appear to face charges for rigging a key interest-rate benchmark.

The five Euribor traders at Deutsche Bank and Societe Generale have remained in their home countries rather than come to London to face the charges, lawyers for the Serious Fraud Office said at a court in London yesterday.

The six other traders that have been charged in the case attended the hearing.