A second former Barclays banker has been convicted of conspiring to manipulate g...
LONDON - A second former Barclays banker has been convicted of conspiring to manipulate global Euribor interest rates, taking to nine the number of people found guilty in six rate-rigging trials.
Bermingham, the last of three former Barclays bankers to hear his verdict in the case, bowed his head in the dock and his supporters gasped in shock in the public gallery. Just hours before, the jury had been in deadlock. The defendants denied a charge that they had conspired to dishonestly manipulate Euribor - a benchmark that helps determine rates on more than $150 trillion of global financial contracts and loans - between 2005 and 2009.
Bittar, once one of the world’s best-paid traders, pleaded guilty ahead of last year’s trial, at which a jury convicted Moryoussef. But he was tried in absentia and remains in France after fleeing when Bittar’s plea was made public.
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