Ex-Barclays Bankers Get 4-Plus Years For Euribor Conspiracy

Law360, London (April 1, 2019, 12:57 PM BST) -- Two former Barclays PLC traders were sentenced to five years and four years in prison respectively at a London court on Monday for conspiring to rig a key European benchmark interest rate in a retrial brought by the Serious Fraud Office.

Colin Bermingham was sentenced to five years in prison while Carlo Palombo was handed a jail term of four years for their roles in for conspiring to rig the Euribor rate. (AP) Colin Bermingham 62, a veteran trader on Barclays’ London cash desk who is now retired, was sentenced to five years in prison. Carlo Palombo, 40, a former senior...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!