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Evening Standard
Evening Standard
World
Tristan Kirk

Ex-City bankers lose appeal over interest rate-rigging convictions

Tom Hayes Carlo Palombo Court of Appeal SFO the Court of Appeal

Ex-City traders Tom Hayes and Carlo Palombo, who were both jailed for manipulating interest rate benchmarks, have lost a Court of Appeal bid to clear their names.

Hayes, 44, a former Citigroup and UBS trader, was found guilty of multiple counts of conspiracy to defraud over manipulating the London Inter-Bank Offered Rate (Libor) between 2006 and 2010.

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