Another former banker at Barclays convicted in Euribor retrial
Colin Bermingham was found guilty after a two-month retrial brought by the UK Serious Fraud Office, while co-defendant Carlo Palombo was convicted on Tuesday
London — A second former Barclays banker has been convicted of conspiring to manipulate global Euribor interest rates, taking to nine the number of people found guilty in six rate-rigging trials. The jury found Colin Bermingham, a veteran banker, guilty by a majority verdict on Thursday after a two-month retrial brought by the UK Serious Fraud Office (SFO). Bermingham, the last of three former Barclays bankers to hear his verdict in the case, bowed his head in the dock and his supporters gasped in shock in the public gallery. Co-defendant Carlo Palombo, a former derivatives trader, was convicted by a majority verdict on Tuesday while Sisse Bohart, a Dane, was acquitted. She was not in court to hear her verdict. Bermingham and Palombo will be sentenced next Monday. Bermingham, Palombo and Bohart were tried twice after a previous jury was unable to reach a verdict in their case last July. Global investigation Eleven powerful banks and brokerages have been fined a total of $9bn to sett...
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