Being Barclays VP equal to working at McDonald's: Ex-Trader
Carlo Palombo, a former Barclays trader accused of rigging a benchmark interest rate, has told a London court that "being a vice president at Barclays was equivalent to the guy that serves you in McDonald's." Palombo allegedly conspired to rig Brussels-based Euribor rates between 2005 and 2009. Palombo said that vice president is not what everyone thinks and "it's junior".