Libor banker jailed for rate-rigging sues UBS for £400m
Tom Hayes, the first banker imprisoned for Libor manipulation, is suing his former employer UBS for £400 million, claiming the bank pressured him into misconduct then abandoned him.
Tom Hayes, the first banker imprisoned for Libor manipulation, is suing his former employer UBS for £400 million, claiming the bank pressured him into misconduct then abandoned him.
A former City trader has had his conviction for Libor rate-rigging overturned, marking a dramatic turn in one of the financial sector's most notorious scandals.
Former trader Tom Hayes' role in the Libor scandal and his ongoing legal battle to clear his name. Discover the twists and turns of one of banking's biggest controversies.
As City traders face scrutiny over the Libor scandal, questions arise about whether they're being unfairly targeted while bigger fish swim free.
Tom Hayes, the ex-UBS and Citigroup trader, has had his conviction for Libor manipulation overturned in a major legal reversal.
Stock markets rally worldwide following the landmark US-Japan trade agreement, with the Nikkei and FTSE 100 leading gains. Analysts predict sustained growth amid easing trade tensions.