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Tom Hayes vows to fight on in bid to clear his name as Court of Appeal upholds Libor rigging conviction
27 Mar 2024 22:17 GMT
… for manipulating benchmark lending rate Libor, will now seek … attempting to move the Libor rate ‘accompanied by attempts to … case centres on the London interbank offered rate (Libor), which was once used … on the treatment of Libor between Britain, and America …
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UK court dismisses appeals against Libor, Euribor convictions
27 Mar 2024 20:26 GMT
Credit: Shutterstock/Drozd Irina
Ex-UBS trader Tom Hayes will take his case to the Supreme Court after the Court of Appeal again declined to overturn his conviction for rigging an interest rate benchmark.
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Libor trader Hayes loses appeal against rate-rigging conviction
27 Mar 2024 16:41 GMT
… world to be jailed for interest rate rigging, lost his appeal against … to defraud by manipulating Libor, a benchmark rate once used to price … they made submissions on the London interbank offered rate (Libor).
Hayes was initially jailed for …
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Court dismisses traders’ appeal to overturn convictions for rate rigging
27 Mar 2024 16:30 GMT
… state's pursuit of Libor traders from 2012 took place … around the world.
Until then, Libor was a little-known process … for what went wrong.
The rate depended on daily submissions from … the proper basis for submitting Libor.”
Hayes got the longest sentence …
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Ex-UBS Trader Tom Hayes Loses UK Appeal Over Libor Crimes
27 Mar 2024 13:53 GMT
… he deliberately manipulated the London interbank offered rate. Ex-Barclays Plc trader … of bankers, manipulated key interest rate benchmarks used to value … definition and operation of Libor,” he said. “The … do, to move the Libor rate, was accompanied by attempts …
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‘I’m not a quitter’: bank trader vows to continue fight after losing Libor appeal
27 Mar 2024 13:49 GMT
… convicted over the Libor interest rate scandal, has said … ” the now-defunct London Interbank Offered Rate (Libor). He served five … 2021.
Libor was a major interest rate benchmark which … been replaced by alternative interest rate benchmarks.
Palombo, another …
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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
27 Mar 2024 14:32 GMT
… the manipulation of a key interest rate before and after the … called London Inter-Bank Offered Rate, or LIBOR, between 2006 and 2010 … a car. It was an interest rate average calculated from figures submitted … to have the LIBOR set at a rate that better suited …
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UK Libor trader Hayes loses appeal against rate-rigging conviction
27 Mar 2024 12:07 GMT
… trader jailed worldwide for interest rate rigging, lost his … defraud by manipulating Libor, a benchmark rate once used … made submissions on the London interbank offered rate (Libor). Hayes, who was … ' convictions for Libor rigging were overturned. Hayes …
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Traders who were jailed for rate-rigging lose their appeal
27 Mar 2024 14:16 GMT
… sent to prison for “rigging” interest rate benchmarks.
The court had been … was doing” when he manipulated Libor.
Hayes, who worked for UBS …
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Tom Hayes: Court upholds Libor conviction as top MP warns London now an ‘outlier’
27 Mar 2024 11:44 GMT
… alongside Carlo Palombo over interest rate benchmark manipulation, outside the … the conviction of former Libor trader Tom Hayes today … to rig the London Interbank Offered Rate, known as Libor. He was the … s submission of a Libor rate did not implicitly represent …