LIBOR: Bankers jailed for interest rate rigging lose appeal

04 Apr 2024 10:55 AM | Anonymous member (Administrator)

Two former bankers found guilty of rigging key interest rates have had their appeal against their convictions dismissed by the Court of Appeal.

Tom Hayes and Carlo Palombo were among 37 City traders prosecuted for manipulating rate benchmarks, Libor and Euribor.

Both men spent time in prison before being released in 2021.

https://www.bbc.co.uk/news/business-68595204#:~:text=Two%20former%20bankers%20found%20guilty%20of%20rigging%20key,time%20in%20prison%20before%20being%20released%20in%202021.


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