The investigation into the LIBOR interest rate-rigging scandal is widening as the U.S. Justice Department is expected to file criminal charges against individual employees and at least one bank later this year.

As well as building cases against several banks, the department’s criminal division is also targeting individuals at the center of the scandal, including traders at Barclays, according to government officials who spoke anonymously to The New York Times.

In a global investigation, authorities are examining whether financial firms fraudulently manipulated interest rates to improve their profits and appear healthier than they were.

Last month British bank Barclays was fined $453 million after admitting to influencing the LIBOR (London Interbank Offered Rate). http://www.dailymail.co.uk/news/article-2173859/Libor-scandal-U-S-p...