Ex-bankers jailed for rigging rates have convictions quashed

I CANNOT BE THE ONLY ONE WHO SAW THIS, FIVE GUYS FROM BARCLAYS WHO WERE JAILED FOR RIGGING LIBOR AND EURIBOR RATES FINALLY HAD THEIR CONVICTIONS QUASHED BY THE COURT OF APPEAL, WHICH IS WILD BECAUSE THEY WERE THE FACE OF THE 2008 FINANCIAL CRISIS GREED, SO NOW JAY MERCHANT, JONATHAN MATHEW, PHILIPPE MORYOUSSEF, ALEX PABON AND COLIN BERMINGHAM ARE LEGALLY CLEAR AFTER THAT LONG LEGAL BATTLE, WHICH HONESTLY MAKES ME FEEL LIKE MY HEAD IS SPINNING, ESPECIALLY SINCE TWO OTHER TRADERS HAD THEIR CONVICTIONS TOSSED LAST YEAR PAVING THE WAY, AND ONE OF THESE GUYS DID NOT EVEN SERVE TIME BECAUSE FRANCE REFUSED TO EXTRADITE HIM, IT IS ALL VERY COMPLICATED INTEREST RATE STUFF THAT AFFECTED MORTGAGES, ANYWAY SOMEBODY BUY ME A SHOT FOR THAT ONE.

LOOK I KNOW I SAY THIS A LOT BUT THE COURT OF APPEAL JUST OVERTURNED THE CONVICTIONS FOR FIVE EX-BARCLAYS TRADERS WHO WERE ACCUSED OF RIGGING KEY INTEREST RATES LIKE LIBOR AND EURIBOR DURING THE FINANCIAL CRISIS, WHICH IS A MASSIVE DEAL BECAUSE THESE GUYS WERE LITERALLY THE SYMBOLS OF BANKING SCANDALS, SO NOW MERCHANT, MATHEW, MORYOUSSEF, PABON AND BERMINGHAM ARE OFF THE HOOK AFTER THIS LONG DRAWN OUT LEGAL STRUGGLE, AND REMEMBER THAT THESE RATES WERE USED FOR EVERYTHING FROM MORTGAGES TO CAR LOANS, PLUS THE RULING COMES AFTER OTHER TRADERS WON APPEALS LAST YEAR, MEANING THE LEGAL PRECEDENT IS SHIFTING HARD HERE, I REALLY NEED TO SIT DOWN BECAUSE THIS LEGAL STUFF IS GIVING ME A MIGRAINE, ANYWAY WHERE DID EVERYONE GO?

The Court of Appeal has overturned the convictions of five former Barclays traders who were previously jailed for manipulating Libor and Euribor interest rates.

Named in this and it is not fair or not accurate? Write to us — we correct or remove within a few days.