Former Barclays Trader Says Bosses Knew About Libor Fixing
Posted: Thu May 19, 2016 12:22 pm
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.
The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
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)
