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Ex-Barclays Trader Found Guilty of Euribor Rigging

From bloombergquint.com

A London jury convicted former Barclays trader Philippe Moryoussef of conspiring to rig a key interest-rate benchmark and found Deutsche Bank executive Achim Kraemer innocent, but couldn’t reach a verdict on three other traders and was dismissed by the judge. Moryoussef, who fled to France and didn’t attend the two-month trial, and a former Deutsche Bank trader, Christian Bittar, who pleaded guilty in March, will be sentenced next week. A decision on a retrial of the others in the case -- ex-Barclays traders Colin Bermingham, Carlo Palombo and Sisse Bohart -- will also take place next week. The outcome is a setback ... (full story)

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