Five former Barclays traders' rate-rigging convictions overturned

Summarised from 2 outlets · Updated 7 Oct, 14:00 · Archive

The Court of Appeal has overturned the fraud convictions of five former Barclays traders for rate-rigging offences.

The Court of Appeal has quashed the fraud convictions of five former Barclays traders previously found guilty of Libor and Euribor rate-rigging offences. The traders affected are Jay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon and Colin Bermingham.

The overturning of their convictions follows a pattern established when the Supreme Court last year quashed the convictions of Tom Hayes and Carlo Palombo, two other former City traders involved in similar rate-rigging cases. The appeals court's decision marks another significant reversal in the legal cases arising from the manipulation of interbank lending rates.

How it is being reported

• Former City traders’ fraud convictions overturnedThe Court of Appeal has overturned the fraud convictions of five former City traders previously convicted of Libor and Euribor-related offences. The five traders, who previously worked at Barclays, had their convictions quashed on Wednesday after the Supreme Court overturned the convictions of Tom Hayes and Carlo Palombo last year, two former City traders who became the [...]City AM · 7 Oct, 13:45
• Former Barclays traders have rate-rigging convictions quashedJay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon, Colin Bermingham had their convictions overturned by the Court of Appeal.BBC Business · 7 Oct, 12:46

In this story: Jay Merchant · Jonathan Mathew · Philippe Moryoussef · Alex Pabon · Colin Bermingham · Barclays · Court of Appeal

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