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Tom Hayes

  • Tom Hayes: Ex-Libor trader compares himself to Alan Bates as calls grow for appeal to go to Supreme Court

    Banking

    Tom Hayes, the ex-banker jailed for rate-rigging, has said he was "scapegoated" and compared himself to Post Office campaigner Alan Bates amid calls for his appeal to go to the Supreme Court.

    Hayes has said he will apply to the Court of Appeal to take his case to the Supreme Court. (Jordan Pettitt/PA Wire)
  • Tom Hayes’ lawyer accuses Court of Appeal judge of conflict of interest

    Tom Hayes

    Lawyer Karen Todner has written to the court highlighting Mr Justice Bryan's position on the appeal panel after she discovered he sat one of the previous EURIBOR interlocutory appeals for Christian Bittar.

    Tom Hayes' lawyer accuses Court of Appeal judge of conflict of interest
  • Tom Hayes and Carlo Palombo: Leading politicians say ex-bankers’ rate-rigging appeal should go to Supreme Court

    Banking

    Three senior politicians have called for two ex-bankers jailed for rigging interest rates to have their appeal heard by the Supreme Court.

    Financial market trader Tom Hayes, who was jailed alongside Carlo Palombo over interest rate benchmark manipulation, outside the Royal Courts Of Justice ahead of a Court of Appeal ruling over whether their convictions should be overturned. (Jordan Pettitt/PA Wire)
  • Criminal Commission consider report alleging Tom Hayes was wrongfully convicted for Libor rigging

    July 26, 2021

    An academic paper that claims Tom Hayes was wrongfully convicted for rigging Libor interest rates is under review by the Criminal Cases Review Commission (CCRC). It’s the latest development in an ongoing inquiry by the CCRC – the body responsible for investigating suspected miscarriages of justice – into the former trader’s case. The CCRC confirmed [...]

  • Tom Hayes Libor conviction being examined for miscarriage of justice

    February 22, 2021

    Tom Hayes’ conviction for rigging Libor interest rates is being examined by the Criminal Cases Review Commission, a body set up to review allegations of miscarriages of justice. The former UBS trader was found guilty of manipulating Libor in 2015, making him the first trader convicted by jury of rigging Libor global interest rates. He [...]

  • Doner kebab top of the list for convicted Libor-rigger Tom Hayes after he’s freed from jail

    January 29, 2021

    Doner kebab top of the list for convicted Libor-rigger Tom Hayes after he's freed from jail

  • Libor broker banned by regulator for dishonest trades

    May 29, 2019

    A broker who was acquitted of helping jailed former UBS trader Tom Hayes rig the Libor benchmark has today been banned by the regulator for dishonesty. Terry Farr, who was formerly a manager on the Japanese Yen desk at brokerage Martins, has been banned by the Financial Conduct Authority (FCA) from regulated financial activity. Read [...]

  • Case alleging Libor-rigging launched against raft of major banks

    January 20, 2019

    A string of major banks have been accused of rigging the Libor benchmark again, five years on from a major scandal. A class action has been filed in the US against banks such as the Royal Bank of Scotland, Barclays, Lloyds Banking Group, HSBC, UBS, Bank of America, Citi and Deutsche Bank. The action, which [...]

  • Former Barclays trader Jay Merchant jailed for Libor rigging deported to India

    September 18, 2018

    One of the first bankers jailed for Libor rigging has been deported to India, City A.M. can reveal. Indian-born Jay Merchant was the most senior of a group of Barclays bankers sentenced for manipulating the benchmark – used to set borrowing rates for trillions worth of loans and derivatives – following an 11-week trial at Southwark [...]

  • Tom Hayes receives 14 year jail term in Libor-fixing scandal as MPs call for bank bosses to face prosecution

    August 4, 2015

    A jury sent shockwaves through the City yesterday when it convicted former UBS and Citigroup trader Tom Hayes of eight counts of conspiracy to defraud in connection with the Libor-fixing scandal.   Justice Jeremy Cooke sentenced the 35-year-old former City worker to 14 years in jail for his part in the manipulation of the Libor [...]

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