Ex-Barclays Trader Disrupts Libor Testimony Shouting ‘No’
- Ryan Reich responds as co-defendant testifies about swaps
- Judge in London trial warns about interrupting court
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A former Barclays Plc trader on trial for rigging Libor was admonished by the judge for an outburst that interrupted a co-defendant being questioned by a prosecutor.
Ryan Reich shouted "no, no, no, no," from his seat on Friday after the prosecutor asked fellow ex-Barclays trader Alex Pabon on the stand if the Libor rate affected swaps valuations. After the interruption, Reich’s lawyer told him to be quiet and Judge Anthony Leonard said “interruptions should not take place.” Pabon answered that, yes, Libor did affect swaps valuations.