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Evening Standard
Evening Standard
Danny Halpin

Two former traders have rate rigging convictions quashed at Supreme Court

Carlo Palombo Tom Hayes Jordan Pettitt SFO the 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 conspiracy to defraud over manipulating the London Inter-Bank Offered Rate (Libor) between 2006 and 2010.

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