Former Barclays traders have rate-rigging convictions quashed
Five former Barclays traders have had their convictions for manipulating interest rates overturned by the Court of Appeal. The ruling follows a similar decision last year and marks the end of a long-running legal battle stemming from the 2008 financial crisis.
Why it matters
This decision highlights the legal complexities of prosecuting financial crimes and challenges the narrative surrounding the accountability of bankers during the 2008 crisis.
Image source, Getty Images By Andy Verity Financial investigations correspondent Published 14 minutes ago Five former Barclays traders who were jailed in one of the biggest scandals of the financial crisis have had their convictions overturned following a long-running legal battle.
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