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An ex-Barclays banker accused of conspiring to manipulate Libor has attempted to implicate three senior Barclays executives, including the chief operating officer of its investment bank, by claiming they were aware of the practice. Jay Merchant, a former trader, is one of five Barclays bankers currently on trial at a London court.
When first interviewed about the case by the Serious Fraud Office in March 2014, Merchant claimed that manipulation of Euribor, another key interest rate benchmark that is linked to the euro, had been widespread in London.
Merchant named a trio of senior Barclays executives that were aware of the manipulation practices ... (read more)