The story so far · 2 days, October 7 to 8, 2026
One Turn followed this story across 2 editions, from London, United Kingdom on October 7, 2026. Newest first.
Libor and Euribor were benchmark interest rates used to price trillions in loans and derivatives. Rate-rigging revelations from 2012 led to fines for banks and prosecutions of traders.
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London's Court of Appeal overturned the convictions of five former Barclays traders for manipulating Libor and Euribor. It followed a 2025 Supreme Court ruling that legal errors made similar convictions unsafe.
Why it matters: The ruling further unwinds the legal legacy of one of the biggest post-financial-crisis banking scandals.
Sources: AFP · See it on the globe
London's Court of Appeal overturned the convictions of five former Barclays traders for manipulating the Libor and Euribor benchmark rates. The ruling follows a 2025 Supreme Court decision that found legal errors made similar convictions unsafe.
Why it matters: The decision further unwinds the legal legacy of one of the defining financial scandals of the post-2008 era.
Sources: AFP · See it on the globe