BusinessLanguage: English
Former Barclays traders have rate-rigging convictions quashed
Key Takeaways
- Five former Barclays traders had their convictions overturned.
- The ruling was delivered by the Court of Appeal.
- The case relates to the manipulation of interest rates during the financial crisis.
- The individuals involved include Jay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon, and Colin Bermingham.
Ad placeholder
Five former Barclays traders have successfully overturned their convictions for manipulating interest rates during the financial crisis. The Court of Appeal delivered the ruling following a long-running legal battle.
Jay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon, and Colin Bermingham had previously been jailed in connection with one of the biggest scandals of the financial crisis after trials regarding the rigging of benchmark rates.
In-article ad placeholder
Recommended for you
Tools and services we trust to boost productivity and content workflows.
Browse picksAd placeholder