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

    2 monthes ago - By Business Insider

    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.
    Ex- Barclays trader Colin Bermingham - who stands accused to fixing an overnight rate linked to trillions of dollars of assets - claims he was naive to the wide-reaching effects of his alleged rigging.
    "It would always have been in my mind that it would've been a rounding matter," said Bermingham, who was also unable...
    Read more ...