London Court Clears Five Former Bank Traders in Loan-Rate Cases

London's appeal court on 7 Oct 2026 cleared five former Barclays traders — Jay Vijay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon and Colin Bermingham — jailed in 2016-2019 for rigging Libor and Euribor, key numbers that help set loan costs, like a price tag for borrowing. Their cases were sent back in January 2026.