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Former Barclays trader found guilty of rigging Euribor

Reuters  |  LONDON 

LONDON (Reuters) - A French former Barclays trader, tried in his absence by a London court, has been convicted by a jury of conspiring to rig global interest rates.Philippe Moryoussef, a 50-year-old former senior derivatives trader, was found guilty of conspiracy to defraud by dishonestly manipulating Euribor - or Euro interbank offered rate - between January 2005 and December 2009 after an 11-week trial.The jury at Southwark Crown Court in London acquitted Achim Kraemer, a Deutsche Bank manager still employed by the bank. The jury were unable to reach a verdict on another three traders on ...

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First Published: Thu, July 12 2018. 18:14 IST