Tom Hayes, the UBS trader who spent 5 years in prison unjustly convicted of rigging interest rates, describes what it’s like to be vindicated

(Credit: Courtesy of Sian Harrison)

• Former UBS and Citigroup banker Tom Hayes’ conviction was overturned by the U.K. Supreme Court last week, a decade after he was convicted for his role in rigging the Libor benchmark interest rate for lending between banks. Speaking to Fortune, Hayes said it took several days for the ruling to sink in, and offered this advice: “Don’t get obsessed about just trying to acquire more stuff and thinking this is a good way of measuring your quality of life, because it really isn’t.”

Former UBS and Citigroup banker Tom Hayes was one of the few people convicted of crimes and sentenced to prison for trading activities leading up to the Great Financial Crisis. His conviction was overturned last week by the U.K. Supreme Court.