Trading

Tom Hayes’ Libor conviction quashed by Supreme Court

Ex-UBS and Citigroup trader has spent a decade trying to clear his name

Tom Hayes had appealed against his 2015 conviction for rigging the Libor rate
Tom Hayes had appealed against his 2015 conviction for rigging the Libor rate Photo: Chris Ratcliffe/Bloomberg via Getty Images

Tom Hayes has won a final bid to quash a conviction that made him the first trader jailed for Libor interest rate rigging, after a decade spent trying to clear his name.

The UK’s Supreme Court on 23 July allowed the ex-UBS and Citigroup trader’s appeal and quashed his conviction.

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