London court quashes Libor and Euribor convictions of five ex-Barclays traders

The Court of Appeal in London on 7 Oct 2026 quashed convictions of five former Barclays traders — Jay Vijay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon and Colin Bermingham — jailed between 2016 and 2019 for manipulating Libor, rates for loans between banks, or Euribor. The cases were referred back in January 2026.