Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
RegulationsMarch 27

Traders lose appeal against benchmark rigging convictions

Judges throw out appeal of former traders to clear names for Libor and Euribor manipulation 
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Traders lose appeal against benchmark rigging convictionsImage: Hollie Adams/Bloomberg

The UK Court of Appeal has dismissed attempts from two former investment bank traders to overturn their convictions.    

Tom Hayes, a former UBS and Citi trader, alongside Carlo Palombo, who worked for Barclays, were accused of manipulating key interest rate benchmarks.  

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial