The three men – David Bermingham, Giles Darby and Gary Mulgrew, all aged 42 -have said they will appeal the decision, taken today (Friday) at Bow Street Magistrates court.
That means the final word on extradition could be left to Home Secretary David Blunkett.
The men, who worked for NatWest, are accused of involvement in a complex deal with Enron to sell an investment at a knockdown price, which made them millions of pounds.
All three deny having done anything illegal and want to be tried in the UK rather than the US.
The men claim they could face 30 years in jail if found guilty in the US.
Authorities in the US want to try the trio in Texas, the home of Enron.
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation