Jailed banker can’t be extradited from France

A fugitive French banker who rigged a European lending rate has been ordered to pay back £657,000. Philippe Moryoussef, 50, was convicted of conspiracy to defraud in July after fiddling the key lending benchmark for Euros across worldwide financial markets – but fled to France before his trial began. Between 2005 and 2009, the jury found that Moryoussef was involved in predicting what an interest rate would be and then artificially moving the rate to increase potential profits. During the…