Former BBA director John Ewan tells trial of five men that he took word of senior Barclays employee at ‘face value’The man in previously in charge of overseeing the Libor benchmark lending rate took banks at “face value” when they said it could not be rigged,a jury has heard.
Testifying at the trial of five former Barclays employees accused of conspiring to manipulate Libor, the former British Bankers’ Association (BBA) director John Ewan said he had not been concerned that banks were trying to influence the rate.
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Source: theguardian.com