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Tom Hayes and Carlo Palombo

  • Tom Hayes sues UBS over Libor scandal

    Banking

    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 spent five and a half years in prison, before his conviction was eventually overturned last month (Photo by: Betty Laura Zapata/Bloomberg via Getty Images)
  • Tom Hayes on life as a free man: ‘I was in a very dark place’

    Banking

    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 spent five and a half years in prison, before his conviction was eventually overturned last month (Photo by: Betty Laura Zapata/Bloomberg via Getty Images)
  • Four City traders’ seek appeal against Libor convictions following landmark ruling

    Legal

    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.

    Serious Fraud Office
  • 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.

  • Former City traders set for Supreme Court showdown

    March 24, 2025

    Former City traders convicted of the rate-rigging scandal are now playing their last card this week by taking their case to the highest court

  • Court of Appeal denies Tom Hayes’ Supreme Court bid, but certified points leaves the door open to apply directly

    May 21, 2024

    Former Libor trader Tom Hayes application to take his case to the highest court in the UK was refused by the Court of Appeal

  • Tom Hayes: Leaked documents cast doubt on Libor appeal decision

    April 22, 2024

    After a court dismissed ex-bankers Tom Hayes and Carlo Palombo appeals last month, a new leaked document on the definition of Libor cast doubts on the ruling

  • Tom Hayes’ lawyer accuses Court of Appeal judge of conflict of interest

    April 3, 2024

    Lawyer Karen Todner has written to the court highlighting Mr Justice Bryan's position on the appeal panel after she discovered he sat one of the previous EURIBOR interlocutory appeals for Christian Bittar.

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