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Second ex Barclays banker convicted in London Euribor re-trial


FILE PHOTO: Banker, Colin Bermingham leaves Westminster Magistrates court in London, Britain, January 11, 2016. REUTERS/Peter Nicholls

LONDON (Reuters) – A second former Barclays banker has been convicted of conspiring to manipulate global Euribor interest rates, bringing to nine the number of people found guilty in six rate-rigging trials.

The jury of nine men and three women on Thursday found Colin Bermingham, a 62-year-old veteran banker, guilty by a majority verdict after a two-month re-trial brought by the UK Serious Fraud Office (SFO) at Southwark Crown Court.

Bermingham the last of three former Barclays bankers to hear his verdict in the case, bowed his head in the dock and his supporters gasped in shock in the public gallery. Just hours before, the jury had been in deadlock.

Co-defendant Carlo Palombo, a 40-year-old Anglo-Italian former derivatives trader, was convicted by a majority verdict on Tuesday while Sisse Bohart, a 41-year-old Dane, was acquitted. She was not in court to hear her verdict.

Bermingham and Palombo will be sentenced next Monday.

Reporting By Kirstin Ridley; Editing by Lawrence White/Keith Weir



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