2015 Libor manipulation conviction of former UBS and Citigroup trader Tom Hayes upheld by UK Court of Appeal.
Tom Hayes, the former UBS and Citigroup trader convicted of manipulating the London Interbank Offered Rate (Libor), has lost his UK appeal to overturn his 2015 conviction. The Court of Appeal ruled that there was clear evidence of Hayes' deliberate manipulation of Libor. This marks a significant roadblock for Hayes in his attempts to clear his name in UK courts.
March 27, 2024
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