Ex-Barclays Traders Lose Appeal Pinned on UBS Intern on Jury
- Palombo, Bermingham fail in challenge to Euribor convictions
- Traders said UBS intern would have influenced other jurors
Carlo Palombo
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Two former Barclays Plc traders convicted of helping rig a key benchmark rate lost their appeal after a London court dismissed their argument that an ex-UBS Group AG intern on the jury “inevitably” influenced the verdict.
Lawyers for Carlo Palombo, 42, and Colin Bermingham, 64, said at an appeal hearing in October that the juror would have had some knowledge about the industry that would have prevented him from being impartial.