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Former Barclays trader found guilty of rigging interest rate

Reuters  |  LONDON 

By Kirstin RidleyLONDON (Reuters) - A French former trader with Barclays, tried in his absence by a London court, has been convicted of helping to mastermind a five-year plot to rig global interest rates after an 11-week trial.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.The jury at Southwark Crown Court acquitted German Achim Kraemer, a Deutsche Bank manager still employed by the bank.Reporting restrictions were lifted ...

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First Published: Thu, July 12 2018. 20:03 IST