Business

A former trader accused of rigging the market says being a vice president at Barclays is like working at McDonald's

7 monthes ago   |   By Business Insider

Reuters / Peter Nicholls
In a recent courtroom testimony, ex-Barclays trader Carlo Palombo likened being a vice president at Barclays to working at McDonald's.
Palombo is accused, along with three other individuals, of rigging the euro interbank offered rate - or Euribor - between 2005 and 2009.
To most people, rising to the rank of vice president at a major financial firm is an immense accomplishment - a rare feat that just a small number of people ever achieve.
But some don't get the fuss, and Carlo Palombo is among them. See the rest of the story at Business Insider NOW WATCH: What will...
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