View more on these topics

Ex-Barclays staff jailed over Libor rigging

Barclays-Building-2012-700x450.jpg

Three Barclays employees who were this week found guilty of Libor rigging have been sentenced to a total of 17 years in jail.

Libor submitter Jonathan Mathew was handed a four-year sentence while Libor traders Jay Merchant and Alex Pabon were sentenced to six and a half years and two years and nine months, respectively.

Peter Johnson, also a Libor submitter, pleaded guilty to conspiracy to defraud in October 2014 and was sentenced to four years in prison.

Johnson was also ordered to pay a £114,501.19 confiscation order within 14 days as well as £30,000 in costs.

Confiscation proceedings against the three other men will be held at a later date.

The Serious Fraud Office is seeking a retrial of two co-defendants Stylianos Contogoulas and Ryan Reich.

Recommended

Justice-Fine-Ban-Court-Gavel-Judge-700x450.jpg

SFO seeks retrial of ex-Barclays Libor traders

The Serious Fraud Office is seeking a retrial of two former Barclays Libor traders, whose previous trial came to an end last week. Traders Ryan Reich and Stelios Contogoulas were trialled previously, but a jury failed to reach a decision, following two weeks of deliberation. At the same trial three former employees of Barclays were found […]

barclays-building-2012-700x450.jpg
1

Ex-Barclays staff found guilty of Libor rigging

Three former employees of Barclays have unanimously been found guilty of Libor rigging. Jonathan Mathew, Alex Pabon and Jay Merchant have all been found guilty after a 10-week trial and will be sentenced on Thursday, the BBC reports. The jury could not reach a verdict on two other defendants, Ryan Reich and Stelios Contogoulas, following […]

FCA logo new 3 620x430

Former UBS Libor trader appeals FCA ban

A former UBS derivatives trader will appeal an FCA ban after the regulator concluded he is not a “fit and proper person”. The FCA wants to prohibit Arif Hussein, former head of UBS’s GBP Rates Desk, from any role in regulated financial services for allowing the bank’s trader submitters to make Libor submissions with the […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]

1

Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com