"Two traders have been jailed after being convicted of conspiring to rig the Euribor global interest rate. Colin Bermingham, 62, and Carlo Palombo, 40, both former Barclays traders, were convicted of conspiracy to defraud." https://www.bbc.com/news/business-47779993 It was a conspiracy .... the spot price for pm's is set by the "London Fix" ... what is in a name ...