Traders jailed for interest rate rigging have convictions overturned

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Two traders who were jailed for rigging benchmark interest rates have had their convictions overturned by the Supreme Court. Citigroup and UBS trader Tom Hayes, 45, was jailed for 14 years in 2015 for interfering with the Libor and Euibor rates, which set mortgage and other loan rates. Barclays trader Carlo Palombo, 46, was jailed for four years. Full story: https://news.sky.com/story/traders-jailed-for-interest-rate-rigging-have-convictions-overturned-13400511 #libor #financialcrisis #barclays #cityoflondon SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales

Published 2025-07-23 · Watch on YouTube ↗
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