Moroccan-born Philippe Moryoussef, the former Barclays trader identified as being at the heart of the interest rate fixing scandal, had bets in the order of €30 billion resting on the rate of Euribor (the European equivalent of the UK's Libor) and appears to have been a domineering character over dealers at other banks. The multi-millionaire was revealed yesterday as being the character named "Trader E" in the explosive Financial Services Authority report into the Libor fixing scandal, where he is repeatedly mentioned among those who fixed the price of Libor up or down in order to boost the profits on their trades. In ... (full story)