FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Tom Hayes to be released from prison

He was moved to the West Sussex facility in 2019 ahead of his release, having spent the majority of his sentence in a maximum-security prison

By

Lucy McNulty

Tom Hayes was initially sentenced to 14 years in prison for his role in manipulating Libor. The sentence was subsequently reduced to 11 years on appeal
Tom Hayes was initially sentenced to 14 years in prison for his role in manipulating Libor. The sentence was subsequently reduced to 11 years on appeal Photo: Getty Images

Tom Hayes is set to be released from prison on 29 January, after serving more than five years for rigging the Libor benchmark.

The former UBS and Citigroup trader was convicted in 2015 of rigging the London interbank offered rate, a benchmark that helps to determine interest rates on mortgages and big corporate loans.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade