Hayes served five and a half years in prison but maintained he was a scapegoat
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Hayes continues to claim he was scapegoated in the wake of the financial crisis as a decision on his UK future is 'imminent'
Years in the making, synthetic sterling Libor is set to end on 31 December
‘It’s five or six times the level of activity that we saw only six months ago’
The 27 January reversal shows how difficult it has been for prosecutors to use broadly written anti-fraud laws to punish traders competing in sophisticated markets
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