35 traders, including jailed bankers Tom Hayes and Carlo Palombo, appeal interest rate rigging convictions; BBC investigation suggests central banks of France, Spain, and Italy may have manipulated Libor and Euribor.
Jailed bankers Tom Hayes and Carlo Palombo are appealing their interest rate 'rigging' convictions, joined by another 35 traders. The central banks of France, Spain, and Italy may have manipulated Libor and Euribor on a larger scale than the jailed traders, according to a BBC investigation. An ex-City trader argued his trial was "extraordinarily unfair" and should have his convictions overturned. The Court of Appeal will hear the case.
March 14, 2024
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