Jail for greedy bankers likened to cricket cheats

Two greedy bankers likened to cheating Australian cricketers after plotting to rig a vital lending rate were jailed for a total of nine years today (mon). Colin Bermingham, 62, and Italian Carlo Palombo, 42, were ‘gaming the financial system’ in a scam likened to crickets applying sand paper to the ball to make the ball swing through the air. The former Barclays traders conspired with other bankers to manipulate the Euribor lending rate so they could make even more cash…