The Guilty Barclays Traders: the Retiree and the Gong Therapist
Photographer: Simon Dawson/Bloomberg
Another Euribor trial is done and leaves a mix of results. Two former Barclays Plc traders were convicted, and another acquitted of conspiring to rig Euribor, the interest rate benchmark behind trillions of dollars worth of securities.
A London jury found Carlo Palombo and Colin Bermingham guilty this week, and cleared Sisse Bohart in a re-trial after a panel couldn’t come to a decision last year. In the first trial, Philippe Moryoussef was found guilty of manipulating Euribor. Christian Bittar, an ex-Deutsche Bank trader, pleaded guilty last year.
Read More: Second Ex-Barclays Trader Found Guilty of Rigging Euribor
This is what you need to know about the defendants:
Carlo Palombo | Barclays, London swaps desk