FCA revokes ban on Libor traders after court overturns rate-rigging convictions Banking The financial watchdog has revoked bans it had placed on four City traders convicted of rigging Libor and Euribor interest rates after the Court of Appeal overturned their convictions. The Financial Conduct Authority (FCA) said on Friday it “has reviewed its regulatory action against individuals whose convictions have recently been overturned by the Court of [...]
Former City trader’s rate rigging conviction overturned Legal A former City trader previously convicted of rigging the Euribor interest rates has had his fraud conviction overturned. Christian Bittar, formerly a trader at Deutsche Bank, had his conviction overturned by the Court of Appeal on Friday after being sentenced to five years in prison for rigging the primary European interest rate, the Euro Interbank [...]
Former City traders’ fraud convictions overturned Legal A group of five former City traders previously convicted of rigging the Libor and Euribor interest rates have had their fraud convictions overturned by the Court of Appeal. The five investment bankers, who previously worked at Barclays, had their convictions quashed having served jailtime for conspiring to rig the now-defunct interest rates in the run-up [...]
Tom Hayes sues UBS over Libor scandal October 28, 2025 Tom Hayes is suing his former employer UBS, alleging it handed him on a “silver platter” to white-collar crime prosecutors to safeguard the interests of the Swiss lender and its leadership. The former trader, who became the face of the Libor rate-rigging scandal when he was sentenced to nine years in a UK prison in [...]
Tom Hayes on life as a free man: ‘I was in a very dark place’ August 7, 2025 Tom Hayes became one of the most infamous names in the Square Mile after he was convicted to 14 years in prison for rigging the Libor interest rate in 2015. It took a decade for him to clear his name. Ali Lyon meets the former banker to hear about life in prison, and what comes [...]
Tom Hayes’ crime in Libor case was to be a banker when that was unpopular July 29, 2025 Tom Hayes’ original trial for Libor rate-rigging made a mockery of our justice system and he is now, rightly, an innocent man, say his solicitors Karen Todner and Sarah Tighe We helped Tom Hayes in his decade-long fight to clear his name – a difficult journey filled with setbacks and heartbreak. He is now, rightly, [...]
Four City traders’ seek appeal against Libor convictions following landmark ruling July 25, 2025 Four former City traders with criminal convictions plan to appeal after the Supreme Court overturned the convictions of Tom Hayes and Carlo Palombo on Wednesday.
Supreme Court judgment hardly draws a line under Libor July 24, 2025 It would be convenient to think that yesterday’s Supreme Court judgment draws a line under the years-long Libor saga. The reality is far from it. The court decided to quash the conviction of former trader Tom Hayes of offences of conspiracy to defraud. But it did so not because there was no evidence of those [...]
City traders’ exoneration in Libor case proves the importance of jury trials July 23, 2025 The Supreme Court has today ruled that juries were misdirected in the original trials of Tom Hayes and Carlo Palombo for Libor fraud, affirming an important principle of criminal justice, says Ellen Gallagher The Supreme Court today overturned the convictions of Tom Hayes and Carlo Palombo, convicted and imprisoned in 2015 and 2019 respectively for [...]
City traders’ Libor rate-rigging criminal convictions quashed by Supreme Court July 23, 2025 Former City traders convicted of the rate-rigging scandal have had their criminal charges overturned by the top UK court after years of fighting.