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Cracks in Libor’s reckoning: Were traders criminals or scapegoats?

Photo: Getty Images

After a series of US court rulings, Tom Hayes is trying to appeal against his UK conviction for rate rigging.

10 October, 2022 by Kate Beioley in London and Joe Miller in New York

A decade on from the Libor scandal, US courts have rejected a series of criminal charges against traders accused of fiddling the rate once used to benchmark hundreds of trillions of dollars of financial contracts.