Index roundup: Two former senior bankers convicted of Euribor manipulation fraud

Two former senior bankers have been convicted for manipulating the Euro Interbank Offered Rate (Euribor) at the height of the financial crisis following an investigation and prosecution brought by the UK Serious Fraud Office (SFO). Phillipe Moryoussef, formerly a senior euro swaps trader at Barclays Bank, was found guilty on June 29, 2018, by a jury. The conviction follows a guilty plea by Christian Bittar, former principal trader at Deutsche Bank, before the start of the trial in March 2018.