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Traders jailed for interest rate rigging have convictions overturned | News conference
Posted
July 23, 2025
Views
11,411
Likes
37
Comments
15
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0.46%
July 23, 2025
11,411
37
15
0.46%
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50:23Now PlayingTwo traders jailed for rigging benchmark interest rates have had their convictions overturned by the Supreme Court.
Tom Hayes, 45, was handed a 14-year jail sentence - cut to 11 years on appeal - in 2015, which was one of the toughest ever to be imposed for white-collar crime in UK history.
The former Citigroup and UBS trader, along with Carlo Palombo, 46, who was jailed for four years in 2019 over rigging the Euribor interest rates, took their cases to the country's highest court after the Court of Appeal dismissed their appeals last year.
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