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Financial traders found guilty of rate-rigging have appeal bids rejected

Two former financial market traders convicted of interest rate benchmark manipulation have had bids to clear their names rejected by the Court of Appeal. Tom Hayes, 44, a former Citigroup and UBS trader, was found guilty of multiple counts of ...

27 Mar 2024 at 13:13

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

Conservative MP Sir David Davis has said the judicial system “needs a shake-up” after describing the convictions of two former financial market traders as a “major scandal”. Tom Hayes and Carlo Palombo were found guilty over benchmark ...

23 Jul 2025 at 13:05

Two former traders have rate rigging convictions quashed at Supreme Court

Two financial market traders who were jailed for manipulating benchmark interest rates have had their convictions quashed at the Supreme Court. Former Citigroup and UBS trader Tom Hayes was found guilty of multiple counts of ...

23 Jul 2025 at 11:08

Supreme Court to hear cases of traders jailed over rate-rigging

Two former financial market traders jailed over interest rate benchmark manipulation will take bids to clear their names to the UK’s highest court. Tom Hayes, 44, a former Citigroup and UBS trader, was found guilty of ...

25 Jul 2024 at 15:51

Former trader who had conviction quashed sues ex-employer for more than £300m

A financial market trader who spent five and a half years in jail before his conviction was quashed is suing his ex-employer for more than 400 million US dollars (£300 million). Former Citigroup and UBS trader Tom ...

27 Oct 2025 at 20:29

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