Cleared City traders blame 'purge' as they hit out at rate-rigging prosecutions

Tom Hayes Says Other Rate-Rigging Convictions ‘All Need to Go’

Tom Hayes, the ex-UBS Group AG trader cleared of manipulating Libor by UK judges, says the other traders convicted of rigging benchmark interest rates should have their cases overturned.

Cleared City traders blame 'purge' as they hit out at rate-rigging prosecutions

Sky's Gurpreet Narwan speaks to both Tom Hayes and Carlo Palombo about their ordeals behind bars and the reasons they were placed there.

Tom Hayes: Winning Supreme Court challenge is an incredible feeling

The former financial trader said he was not bitter or angry after winning a decade-long legal battle to have his convictions quashed.

Judicial system needs ‘shake-up’ after trader convictions, says Sir David Davis

The Conservative MP has been supporting former traders Tom Hayes and Carlo Palombo during their appeals.Conservative MP Sir David Davis has said the judicia ...

Libor convictions for City traders overturned by Supreme Court

Two former City traders wrongly jailed for Libor rate rigging have convictions quashed by the Supreme Court after 10-year battle to clear names

Cleared City traders blame 'purge' as they hit out at rate-rigging prosecutions | Money News | Tech, Entertainment, Sport, Fashion, Travel News

The city traders wrongfully convicted in the aftermath of the financial crisis have spoken out about their decade-long battle for justice, claiming they were scapegoats. Tom Hayes was the first of nine traders to prosecuted by the Serious Fraud Office. In 2012, he was accused of rigging Libor – an interest rate on loans and financial contracts that was used throughout the financial system. The rate was determined daily, based on submissions from…