Markets

Barclays executives were ‘rumbled’ by Qataris during payment negotiations, jury hears on day 3 of trial in London

Barclays executives were “rumbled” by Qatari investors during the bank’s emergency fundraising in 2008, a conversation played in court Friday indicates. In their case against the executives over allegations related to the crises-era events, prosecutors said the bank created an internal memo designed to provide a misleading “audit trail.” Alongside […]
Barclays executives were ‘rumbled’ by Qataris during payment negotiations, jury hears on day 3 of trial in London
Markets

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. Ex-Barclays trader Colin Bermingham – who stands […]
A former trader accused of manipulating a multi-trillion-dollar market compares his alleged rigging to a ’rounding matter’
Markets

The most memorable and expensive financial fraud cases of all time

Financial fraud is a major crime which often comes with heavy punishment and fines for those involved. Enron, Cendant, and WorldCom are examples of massive companies torn apart by financial fraud and scandal. Other cases include fraudsters trying to sell the Eiffel Tower and the Brooklyn Bridge. Financial fraud is […]
The most memorable and expensive financial fraud cases of all time