Ex-Barclays trader found guilty of rigging EURIBOR - Reports

In the eighth EURIBOR rate-rigging conviction by the Serious Fraud Office, Palombo, who denied the charges, is to be sentenced later, according to the BBC. His co-defendant, ex-Barclays employee Sisse Bohart, was acquitted at Southwark Crown Court after the pair were charged with dishonestly manipulating the rate for their own benefit between 2005 and 2009. Meanwhile, a decision is yet to be made with regard to the fate of a third Barclays defendant Colin Bermingham. The result is the outcome of a retrial, after a jury failed to reach a verdict on the three bankers' guilt during a ...