Carlo Palombo
Carlo Palombo is a former trader at Barclays who was prosecuted for his involvement in the manipulation of interest rate benchmarks, specifically Libor and Euribor, alongside fellow trader Tom Hayes. Convicted of conspiracy to defraud in 2015, Palombo has since claimed that he and his colleagues were scapegoated in a systemic scandal that saw similar practices condoned by higher-ups in the financial system.
Not in the pool (under ¢1).
Recent news mentions
Carlo Palombo's rate-rigging conviction was also quashed, raising many questions.
Why this row could rattle the US economy
United Kingdom· 2025-08-26
Carlo Palombo had his rate-rigging conviction quashed by the Supreme Court.
Four more traders appeal rate-rigging convictions after Supreme Court rulingUnited Kingdom· 2025-07-25
Carlo Palombo also had his conviction for rate-rigging overturned by the UK's Supreme Court.
Why have bankers had convictions quashed and what happens next?United Kingdom· 2025-07-23
Carlo Palombo was also among the traders whose conviction was overturned.
Affaire Libor-Euribor : le « scandale » s’effondre, les traders condamnés sont blanchis
France· 2025-07-23
Carlo Palombo was sentenced to four years in jail in 2019.
City traders have rate-rigging convictions quashedUnited Kingdom· 2025-07-23Supreme Court to rule on appeal against LIBOR and EURIBOR convictions of Carlo Palombo.
Stock markets rally after US-Japan trade deal announced – business live | BusinessUnited Kingdom· 2025-07-23
Carlo Palombo is now awaiting a crucial Supreme Court judgement alongside Tom Hayes.
Rate 'rigging' traders say they were scapegoatedUnited Kingdom· 2025-05-25