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Traders jailed for interest rate rigging have convictions overturned
Posted
July 23, 2025
Views
7,946
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July 23, 2025
7,946
41
25
0.83%
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4:09Now PlayingTwo traders who were jailed for rigging benchmark interest rates have had their convictions overturned by the Supreme Court.
Citigroup and UBS trader Tom Hayes, 45, was jailed for 14 years in 2015 for interfering with the Libor and Euibor rates, which set mortgage and other loan rates.
Barclays trader Carlo Palombo, 46, was jailed for four years.
#libor #financialcrisis #barclays #cityoflondon
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