Tag Archives: Hayes

Tom Hayes, Libor ‘Ringleader,’ Wins U.K. Appeal to Clear His Name  The Wall Street Journal UK Supreme Court quashes 2 bank traders’ convictions after deciding their trials were unfair  PBS Why have bankers had convictions quashed and what happens next?  BBC City trader Tom Hayes’s conviction for Libor rigging is overturned  The Guardian Vindication for two bankers. Questions for Britain’s legal system  The Economist Source …

London Reuters  —  Tom Hayes, the first trader ever jailed for interest rate rigging, had his conviction overturned by Britain’s top court Wednesday after a years-long fight to clear his name. The UK Supreme Court unanimously allowed Hayes’ appeal, overturning his 2015 conviction of eight counts of conspiracy to defraud by manipulating Libor, a now-defunct benchmark interest rate. The court …