Euro Interbank Offered Rate

LONDON | UK jury convicts 2 former bankers of bending interest rate

LONDON — A British office that prosecutes serious corruption cases says two former senior bankers have been found guilty of manipulating a key benchmark on which global interest rates are hedged. A jury convicted Philippe Moryoussef, formerly of Barclays Bank, in absentia on Thursday. He fled before facing trial for fraud. Christian Bittar, 46, a … Continue reading LONDON | UK jury convicts 2 former bankers of bending interest rate

LONDON | Prosecutor says 5 traders gamed system to rig key loan rate

LONDON | April 11, 2018 (AP)(STL.News) — A British prosecutor says five financial traders charged with rigging a key interest rate were in essence betting on a fixed horse race as their trial gets underway at Southwark Crown Court in London. The men are accused of manipulating the Euro Interbank Offered Rate, or Euribor, a … Continue reading LONDON | Prosecutor says 5 traders gamed system to rig key loan rate