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December
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Ex Barclays bankers lose London appeal against Euribor-rigging convictions
in News
LONDON (Reuters) – Two former Barclays (LON:BARC) bankers, jailed in Britain for conspiring to rig Euribor interest rates, have lost an attempt to overturn their convictions because of alleged juror bias and errors by the trial judge, the Serious Fraud Office said on Wednesday.
Colin Bermingham, a former cash market expert and veteran banker, and Carlo Palombo, who once traded derivatives, were last year sentenced to five and four years, respectively, in the SFO’s sixth rate-rigging prosecution.