UK Supreme Court quashes convictions of 2 bank traders after deciding their trials were unfair
Britain’s Supreme Court has quashed the convictions of two financial market traders accused of manipulating benchmark interest rates in one of the biggest scandals to come out of the global financial crisis in 2008
ByDANICA KIRKA Associated PressJuly 23, 2025, 10:26 AMfinancial crisis in 2008.The charges against Tom Hayes, a former Citigroup and UBS trader, and Carlo Palombo, who worked for Barclays, centered around alleged efforts to influence the London Inter-Bank Offered Rate, or Libor, and its euro currency equivalent Euribor, which were used to set the interest rates on trillions of dollars of loans and other financial products around the world.
The court ruled that the Обединенията на Хейс и Паломбо бяха несправедливи, тъй като съдиите в обособени каузи дадоха неточни указания на правосъдните заседатели. Това дейно попречи на правосъдните заседатели да прегледат основния въпрос дали търговците са работили непочтено.
„ Това погрешно ориентиране подкопава спр...
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