Ex-Barclays Trader On Trial Felt 'Used' By Euribor Rate Plot

Law360, London (February 11, 2019, 8:57 PM GMT) -- A former Barclays trader accused of skewing a European interest rate benchmark told a London jury on Monday that he felt "let down and used" when he learned a former colleague had conspired with a trader at Deutsche Bank to rig the daily reference rate.

Former Barclays trader Colin Bermingham said Monday that he had been unaware of other traders’ Euribor manipulation efforts. (AP)

Colin Bermingham, a former trader on Barclays' cash desk and the bank's rate submitter, was asked by his defense attorney how he felt when he learned about the Euribor manipulation efforts of others, including his colleague, former...

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