Mar 26, 2019
Former Barclays trader guilty of Euribor rate-rigging
A former Barclays trader has been found guilty of conspiring to rig the Euribor global interest rate. Mr Palombo, 40, was the eighth banker to have been convicted on Euribor rate rigging charges in Britain in a series of prosecutions brought by the Serious Fraud Office. The jury has yet to reach a decision on a third defendant, former Barclays banker Colin Bermingham, a 62-year-old Briton. At the time, two former Euribor traders were given jail time. Philippe Moryoussef, a former Barclays trader, was sentenced to eight years but he remains in France after fleeing the UK last summer.
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