Ex-Barclays Trader Says Bosses Must’ve Known About Libor Fix

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  • Jay Merchant was a promising tennis player before trading
  • Three managers earlier denied knowledge of trader requests

One of five former Barclays Plc traders accused of rigging benchmark interest rates says three of his bosses must have known that traders were making requests to fix Libor, despite the supervisors’ earlier denials of any knowledge of the rate-setting process.

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