Five former bankers convicted of manipulating global interest rates have had their criminal convictions overturned by London’s Court of Appeal, following a legal challenge to restore their names. The ruling comes after the Supreme Court earlier reversed a decision against another trader, raising fresh questions about the integrity of the original prosecutions. All five men worked at Barclays and had served prison sentences before their cases were re-examined. The appeals court’s decision marks the latest development in a high-profile legal saga involving financial market manipulation.
Acquittals of five former bankers come year after supreme court overturned ruling against City trader Tom HayesFive more former traders who were jailed for rigging interest rates have had their convictions quashed by the court of appeal in London, after a long battle to clear their names.The court overturned the convictions of Jay Vijay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon and Colin Bermingham – all of whom worked at Barclays. Continue reading...
