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Emma Shafton

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ex-ubs trader seeks to overturn libor rigging conviction in supreme court

Tom Hayes, the former UBS trader at the center of the Libor rigging scandal, is appealing to the UK Supreme Court to overturn his 2015 conviction. His legal team argues that it was permissible for banks to consider their trading advantages when submitting Libor rates, claiming that the jury was misled about this aspect. A ruling in Hayes' favor could challenge multiple convictions related to rate manipulation and raise questions about the Serious Fraud Office's prosecutorial strategies.
SWI swissinfo.ch
British Pound Sterling UBS Group AG Barclays PLC Citigroup Inc. GBR Emma Shafton Richard Sallybanks Tom Hayes Carlo Palombo Karen Todner Show more
Regulatory & Legal, News Article
09:36 25.03.2025
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