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Jay Merchant, one of five ex-Barclays traders accused of rigging benchmark interest rates has claimed that three of his bosses must have known that traders were making requests to manipulate Libor, despite their earlier denials of any knowledge of the rate-setting process.
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Finance Magnates recently reported that Merchant had named a trio of senior Barclays executives who were aware of the manipulation practices on the rates trading desk during a hearing in April 2016.
Merchant said ... (read more)
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What a surprise indeed