A combination of file pictures created on April 1, 2019 shows former employee of Barclays bank Carlo Palumbo walking outside the Southwark Crown Court in London on April 11, 2018 and former employee of Barclays bank Colin Bermingham arriving at Southwark Crown Court in London on January 13, 2016. Picture:AFP/NIKLAS HALLE'N AND DANIEL LEAL-OLIVAS
A devastated Palombo and his family needed time to come to terms with the decision while considering any appeal, his lawyer John Hartley said, while Bermingham’s legal team had no immediate comment.Sisse Bohart, a Danish junior Barclays trader and submitter, was acquitted last week. The three had faced a retrial after a previous jury was in 2018 unable to reach a verdict.
Eleven banks and brokerages have been fined a total of $9bn to settle rate-rigging allegations in a global investigation. Barclays paid a $453m penalty in 2012, sparking a backlash that forced out former CEO Bob Diamond, the British fraud inquiry and an overhaul of rate-setting rules. Bittar, one of the world’s best-paid traders who earned more than £57m over the indictment period, was sentenced to five years and four months after pleading guilty. Moryoussef, tried in absentia after fleeing to France when Bittar’s plea was made public, was handed an eight-year term. He remains in France.
In South Africa Maria Ramos (Absa) says sorry for manipulating the rand.
Where was the SA Reserve Bank? It is not SA owned and it's eyes are on the profit and does not give a fuck if we get robbed or not. That's why we need an SA owned Reserve Bank
Same thing In South Africa. Only if they were black. Otherwise it’s forgive and forget.
Thevu_Masiya Maria Ramos and Co. Are still enjoying life with us
Same should happen here urgently
Don't we have such justice system in Mzansi?
LandNoli La eMzantsi sihamba namasela egcekeni🤬😡!
Maria Ramos said sorry and we moved on in this crime scene called South Africa.
Well here in SA they would've been rewarded for such a stellar job...
Maloction_De BLF_SouthAfrica must open a case against Maria Ramos for manipulating the Rand if they want us to take them seriusly.
Maloction_De South Africa must follow suit and jail Maria Ramos and others for manipulating our currency.
What are we waiting for to put Ramos and her company behind bars
The Maria Ramos of Britain, but ours got off scot free
In Satafrika, fokol happens to ABSA et al
LandNoli If it was in SA they were gonna be offered higher posts with luxurious perks, mxm.
Ramoliko look at this
Maria Ramos also dumped people with no dignity super woman all round 😷
Maria Ramos?
Eeee
great.....bloody tsotsis
No 1 gets arrested in South Africa. Come down here boys and teach us
And your country hasn’t taken even one of those involved in manipulation of the Rand and other currencies.
khutso In SA it can never happen cos those who manipulate the Rand share a bed with one Trevor who is love by media n WMC.
A rare occurrence in South Africa
Our guys get away with rigging a whole currency 🙄
ThembaletuMbang We have riggers in STD Bank, ABSA, FNB and Nedbank but they won't be put to task because ANC is a party of weaklings. Useless cowards
Their South African counterparts, Maria and others still roaming the streets..
Banks in SA are terrible, i probably think here the banks probably budget for misdemeanors, they are probably more than happy to pay fines as no one here will be jailed
Maria Ramos
Bayajabula obamaria nabo tiger brands abo steinhof la it's the gangster's paradise so they do their nonsense and live large
Sick humans
They must jail Maria Ramos
khayadlanga Elections rigged in Africa. Interest rates rigged by Barclays bankers. Rand manipulated by StanChart etc. What else coming? Nothing is safe.
Bankers are immune to jail in Satafrika
pinkykhoabane But here in SA people like Maria Ramos are walking freely after tempering with financial rates.
Whoa in SA this will never happen😠 They will come up with stories of 'commission of enquiry' nywe nywe nywe then ((((boom)))) disappear
Pusow_ KhanyiTheGreat roto97
FNB must follow suit
siboshy interrec am believeing your stories 500%. We need to unite behind you against FNBSA and StandardBankZA who increased and continue to this day to hike interest rates on black SAs
Barclays and Absa same same!
Maria Manuel's gang.
Good story to tell
Private sector does not play games
South Africa is heaven for these type of criminals. A shame.
When r they arresting FNB 1s.....?
Zuma got blamed for this too when interests rates rose. His name was destroyee and opinion pieces were written by papers just like this one on how he was responsible. No one will ever go back and apologize and his name will always be associated with this.
Why aren't steinhoff crooks treated the same
Now for FNBSA
FNBSA has a free ride even with an allegation of malfeasance. Our authorities need more monitoring. They take dubious decisions, one wonders if there are no golden handshakes to stifle the investigations.
EFFexplained Bastard
And here in South Africa we have all the criminals out. Those who fixed the prices, those who looted and hell lot of them.
pity in SA they wont be arrested they only pay fines
In South Africa, We have TheTRCSyndrome for such then we forgive.
Maria Maria
Read, I know its a tall order, but you will be amazed with the results.
READ the article and them comment. Stop exposing yourself.
Izinja
ZAR_Chez Don't see banksters convicted often.
khayadlanga Is Absa still apart of the Barclay’s group.
Le type is always up to mischief nje. Masters in in thievery and corruption
pinkykhoabane Maria Ramos must be arrested....
Way to go.
CoruscaKhaya Here they just Resign..and say 'I'm sorry..' Kiss and makeup. MariaRamos.
NoluthandoGatya Where's former absa CEO?
pinkykhoabane Waiting for this to happen in SA
pinkykhoabane will rigging of interest rates during Zuma reign by banks ever be investigated !
How about those on our shores? When are they getting arrested?
Hello Mario Ramos
Good riddance