News

UK regulator drops cases against Libor scandal traders after court ruling

Britain's financial regulator said on Friday that it was dropping proceedings against Tom Hayes and revoking Carlo Palombo's ...

Tom Hayes Libor Victory Puts Convictions in $10 Billion Scandal at Risk

It was an era-defining prosecution for the UK’s white collar crime agency.Most Read from BloombergTrump Awards $1.26 Billion ...

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 ...

U.K. Supreme Court quashes Tom Hayes’ Libor conviction

Tom Hayes has won a final bid to quash a conviction that made him the first trader jailed for Libor interest rate rigging, ...

DOJ Probing for Collusion in CLOs During Libor Transition

The US Justice Department is conducting a criminal antitrust investigation into whether some investors in collateralized loan ...

Unfair trade: banker who took rap for Libor walks free

The case of Tom Hayes, who had his Libor conviction overturned last week, raises serious questions about the justice system ...

City traders’ exoneration in Libor case proves the importance of jury trials

The Supreme Court has today ruled that juries were misdirected in the original trials of Tom Hayes and Carlo Palombo for ...

U.S. is said to probe possible collusion among CLO investors during Libor shift

Prosecutors based in New York issued subpoenas to several financial firms as part of the ongoing probe, which began around 18 months ago. The focus is on whether equity holders in the $1.3 trillion ...