Ex-UBS Trader Hayes Asks UK's Top Court to Overturn Libor Rigging Conviction [Yahoo! Finance]
Barclays PLC (BCS)
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Source: Yahoo! Finance
his more than decade-old conviction for manipulating the benchmark should be quashed. Most Read from Bloomberg They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Chicago Transit Faces ‘Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Libraries Warn They Could Be ‘Cut off at the Knees' by DOGE The Supreme Court will hear arguments Tuesday from lawyers for Hayes and ex-Barclays Plc trader Carlo Palombo that it was permissible for a bank to consider its trading advantage when making their submissions for Libor or Euribor. The juries that convicted Hayes and Palombo in 2015 and 2019 respectively were unf
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