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Prosecutors alleged that bankers tilted the odds in their favor for profit, tweaking rates to gain a dishonest trading advantage, deliberately ignoring rules that rates should be set independently of commercial interests and prejudicing the economic interest of others. The jury was told that two French bankers, former Barclays colleague Philippe Moryoussef and Christian Bittar, a one-time Deutsche Bank star trader, had already been convicted over the conspiracy. Bittar, once one of the world’s best-paid traders, pleaded guilty ahead of last year’s trial, at which a jury convicted Moryoussef cufflinks sale. But he was tried in absentia and remains in France after fleeing when Bittar’s plea was made public..

The jury was asked whether Palombo, who joined Barclays as a graduate trainee and reported to Moryoussef, Bohart, a junior trader and rate submitter and her boss, 38-year Barclays veteran Bermingham, had been knowingly involved in the same conspiracy. The former bankers denied dishonesty cufflinks sale. They said they had followed instructions and learnt on the job, had acted openly, believed there was a range of equally justifiable rates, that taking account of a bank’s commercial interest was common market practice – and that Euribor rates accounted for an insignificant part of their jobs..

The verdicts represent a mixed result for the taxpayer-funded SFO in a complex case. The agency’s original plans to prosecute 11 individuals were hampered when Germany and France refused to extradite five cufflinks sale. Brussels-based Euribor, like its Libor (London interbank offered rate) counterpart, is designed to reflect the cost of borrowing between banks and is set after submitters at a panel of major banks report their estimated costs of borrowing over various periods to an administrator, who calculates an average..

HANOVER (Reuters) – Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility services, the German carmaker said on Thursday. In June, VW and Ford said they were in talks to develop a range of commercial vehicles, later extending the discussions to include electric and autonomous cars as part of an alliance designed to save billions in costs. “We are in constructive talks about taking a stake in Argo, the Ford division for autonomous driving cufflinks sale. A joint company for offering mobility as a service is also a possibility,” Volkswagen’s commercial vehicles chief executive Thomas Sedran said on Thursday..

The talks will conclude in the coming months, Sedran said. Ford spokeswoman Jennifer Flake said the discussions with Volkswagen were productive but declined to discuss further details. Ford bought Argo AI, a Pittsburgh-based self-driving startup, in 2017, but with spiraling development costs for autonomous cars in recent years, the company and other carmakers have sought alliances and outside investors cufflinks sale. VW said it had signed a contract with Ford to develop a successor to its VW Amarok pickup truck. Ford has a platform for its Ranger midsized pickup truck, which could help VW lower development costs..