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A former trader accused of manipulating a multi-trillion-dollar market compares his alleged rigging to a ’rounding matter’

In a recent courtroom testimony, ex-Barclays trader Colin Bermingham compared his alleged market rigging to a "rounding matter." Bermingham is accused, along with a handful of other individuals, of rigging the euro interbank offered rate — or Euribor — between 2005 and 2009.
Carlo Palombo.

A former trader accused of rigging the market says being a vice president at Barclays is like working at McDonald’s

In a recent courtroom testimony, ex-Barclays trader Carlo Palombo likened being a vice president at Barclays to working at McDonald's. Palombo is accused, along with three other individuals, of rigging the euro interbank offered rate — or Euribor — between 2005 and 2009.